
Evercore ISI has initiated coverage on Datadog (DDOG) with an Outperform rating, suggesting the company can become a consistent compounder over the next 12-24 months. This follows a period of maturation and growth into its valuation. Additionally, Mizuho has raised its price target on Datadog to $155 from $135, maintaining an Outperform rating. Mizuho analysts believe Datadog is solidifying its position as a leader in the observability market with multiple product areas at scale and newer products growing rapidly. Datadog was also initiated at Buy amid software sector doldrums.
Mizuho Raises PT on $DDOG to $155 from $135, Maintains Outperform Rating Analyst Comments: "We believe Datadog is solidifying its position as a clear leader in the observability market with multiple product areas at scale and newer products growing rapidly. "Our recent checks…
Mizuho Downgrades $PLTR to Underperform from Neutral, Raises PT to $22 from $21
Mizuho Downgrades $PLTR to Underperform from Neutral, Raises PT to $22 from $21 Analyst Comments: "While Palantir has performed generally well in recent quarters, we remain concerned by the lack of visibility into its business. Some of the beats have been lower quality, and we…
