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Datadog lifted to Buy at BofA as it establishes itself as the 'next high quality large cap stock' https://t.co/Q7tur29qKR https://t.co/R8RWIsa7yR
$DDOG BofA Securities Upgrades to Buy Upgrading Datadog to Buy and raising our PT to $155. Datadog helps organizations monitor application and infrastructure performance to ensure high quality end-user experiences. As discussed in our initiation report, we estimate this to be a…
$DDOG Bank of America upgrades Datadog to buy Datadog’s strong growth runway is worth paying more for compared to some of its enterprise tech peers, according to Bank of America.
Datadog, a leading observability platform, offers infrastructure monitoring, application performance monitoring, and log management. Its pricing model is flexible, starting at $15 per host per month. Datadog faces competition from New Relic, Splunk, and Dynatrace. Bank of America upgraded Datadog to Buy, raising the price target to $155, citing its strong growth potential and value proposition.
