Movement Alert｜Datadog Rises 3.5% in After-Hours Trading, Investment Bank Raises Price Target to $226

Market Focus

May 28

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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