Published on 30 May 2024 on Benzinga
Cloud-based analytics company DataDog Inc DDOG has consistently exceeded earnings estimates, reflecting the company’s sustained growth. Encouraged by the company’s recent performance, with artificial intelligence as a catalyst and its platform’s value proposition, one Bank of America analyst is optimistic that the company can beat Wall Street estimates.
DataDog Analyst: Bank of America analyst Koji Ikeda upgraded DDOG from Neutral to Buy, raising its price target from $143 to $155 in a note on Thursday.