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Datadog shares rise after UBS upgrades to buy with positive growth outlook

Datadog's shares rose 1.4% to $128 after UBS upgraded the cloud security firm to 'buy' from 'neutral', raising the price target by $25 to $150, indicating a potential 19% upside. UBS noted signs of spending improvement in the cloud infrastructure sector, which could support Datadog's growth rate in the coming quarters. Currently, 11 brokerages recommend a "strong buy," while 27 suggest "buy," with a median price target of $150.
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United States Dollar Microsoft Corporation Datadog, Inc. Amazon.com, Inc. USA Lance Tupper Show more
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18:16 18.10.2024
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