Citi has “mixed views” on the merits of a potential GitLab (GTLB) acquisition by Datadog (DDOG), should the press reports of the combination transpire. Beyond “obvious” near-term dilution, the deal would introduce integration and execution risk and stoke skepticism on at-scale monetization success, the analyst tells investors in a research note. However, the firm acknowledges the secular pluses of a “beefier DevSecOps story.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DDOG:
- M&A News: GOOGL-Backed GitLab (NASDAQ:GTLB) Could Be Exploring a Sale
- Shopify upgraded, Reddit downgraded: Wall Street’s top analyst calls
- Datadog upgraded to Outperform from Neutral at Mizuho
- Apple upgraded, Electronic Arts downgraded: Wall Street’s top analyst calls
- Datadog initiated with an Outperform at Evercore ISI
