Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Datadog Stock Rose Today

TheMotleyFool

0 0

Shares of Datadog (NASDAQ: DDOG) rose today, up by 3% as of 1:40 p.m. EDT, after analysts at financial firm Berenberg initiated coverage of the tech company with a hold rating. Despite that lukewarm rating, the research note included some positive comments. The stock had been up by as much as 5% in morning trading.

Analyst Kingsley Crane started Datadog at hold alongside a price target of $103, which is slightly below Tuesday's closing price. The tech company is a leader in cloud monitoring, and should be able to keep growing its market share in cybersecurity, according to Berenberg.

Image source: Datadog.

Source Fool.com

Like: 0

DDOG

Share