On May 28, Datadog rose 3.5% in after-hours trading, trading at $231.84/share, with trading volume of $16.15 million.

On the news front, Cantor Fitzgerald raised its price target on Datadog from $171 to $226, maintaining an outperform rating. According to FactSet, analysts have an average rating of buy on the stock with a mean price target of $226.05. The significant target price increase of approximately 32% reflects growing confidence in the company's growth trajectory.

Datadog operates an observability and security platform for cloud applications in North America and internationally. Its products include infrastructure and application performance monitoring, log management, digital experience monitoring, database monitoring, network monitoring, cloud security management, application security management, cloud SIEM, and CI Visibility.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)