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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
UBS upgraded Datadog to Buy, citing improved IT spending and strong cloud infrastructure prospects. Analysts project a 26% revenue growth for 2025, above the consensus of 23%, and noted Datadog's evolving pricing strategy. The firm raised its price target from $125 to $150, reflecting a valuation of 12.3x 2026 revenue estimates.
UBS upgraded Datadog to Buy from Neutral, citing improved IT spending and strong cloud infrastructure prospects. The firm projects Datadog's revenue growth could reach 26% by 2025, above the consensus of 23%, and raised its price target from $125 to $150, reflecting a valuation of 12.3x 2026 revenue estimates. Despite mixed feedback on third-quarter results, Datadog is seen as a share gainer in the observability space, with a positive outlook for cloud usage stocks.
Truist Financial Corporation, a financial holding company, operates primarily in banking and financial services. By the end of 2020, it had a network of 2,781 branches across the U.S., with current deposits totaling USD 363.3 billion and current loans amounting to USD 314.5 billion. UBS has reiterated its buy recommendation for the company.
Suncor Energy Inc., a Canadian integrated energy company, operates in segments including oil sands, exploration and production, and refining and marketing. It engages in oil sands development, offshore oil and gas extraction, and operates Petro-Canada's extensive retail network, which features over 1,800 locations and a commitment to low-carbon fuels. The company is also advancing towards a low-emission future through investments in renewable energy and owns the Fort Hills project in Alberta.
ManpowerGroup Inc. is a workforce solutions provider offering a range of staffing services, including recruitment, training, and human resources consulting. Its portfolio features permanent, temporary, and contract staffing across various sectors, delivered under the Manpower and Experis brands. The Talent Solutions brand focuses on customized staffing strategies, leveraging data-driven capabilities to meet global workforce needs through services like Recruitment Process Outsourcing and Managed Service Provider solutions.
Global-E Online Ltd., an Israel-based software manufacturer, specializes in cross-border e-commerce through its Global-e platform. The company offers end-to-end solutions that enhance international sales for retailers and brands by leveraging localization, big data, and logistics. With seven global offices, it is a key partner for businesses in the U.S., Europe, and Asia.
Kontoor Brands, Inc. is a global lifestyle apparel company that designs, manufactures, sources, sells, and licenses clothing, footwear, and accessories, primarily under the Wrangler and Lee brands. The Wrangler segment features various sub-brands and collections, while Lee offers a range of jeans, pants, shirts, shorts, and jackets for all ages. Additionally, the company includes a segment for other brands and private label clothing, distributing through U.S. wholesale, non-U.S. wholesale, and direct-to-consumer channels.
Elevance Health, Inc. has received a Buy rating from UBS, solidifying its position as a leading American health insurance provider. The company offers a comprehensive range of products, including medical, dental, vision, and specialty insurance, serving nearly 47 million medical members as of the end of 2023. As an independent licensee of the Blue Cross and Blue Shield Association, Elevance continues to expand its services in the health insurance sector.
Equifax Inc. has received a Buy rating from UBS, highlighting its role in providing information services to individuals and businesses. The company specializes in solutions for collecting, processing, and managing data to enhance decision-making, particularly in credit risk management and fraud prevention. Geographically, its net sales are primarily from the United States (76.7%), followed by Australia (6%), the United Kingdom (5.1%), Canada (4.9%), and other regions (7.3%).
Datadog's stock surged after UBS analyst Karl Keirstead upgraded it from Neutral to Buy, raising the price target from $120 to $150, indicating an 18% upside. Morgan Stanley's Sanjit Singh also maintained a Buy rating with a target of $137, reflecting strong bullish sentiment. Analysts anticipate growth driven by the AWS/Azure cloud sector, with revenue growth estimates for 2025 and 2026 now projected at 25-30%.
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