BMO Capital raised the firm’s price target on Datadog to $155 from $140 and keeps an Outperform rating on the shares. The company’s Q4 results were “solid all around”, highlighted by mid-40%s Current Remaining Performance Obligation growth, the analyst tells investors in a research note. Datadog is one of the better-positioned companies in its coverage universe, with growth potential driven by greater consumption and expanding portfolio, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on DDOG:
- Datadog Inc Reported Earnings. Did it Beat Estimates?
- Datadog (NASDAQ:DDOG) Falls after Projections Disappoint
- Datadog Announces Fourth Quarter and Fiscal Year 2023 Financial Results
- Options Volatility and Implied Earnings Moves Today, February 13, 2024
- Datadog sees FY24 non-GAAP EPS $1.38-$1.44, consensus $1.83
Questions or Comments about the article? Write to editor@tipranks.com