Cantor Fitzgerald Reduces PT on Datadog, Inc. (DDOG) Stock
Datadog, Inc. (NASDAQ:DDOG) is among the 14 Best Cloud Computing Stocks to Buy Right Now.
On February 6, Cantor Fitzgerald reduced its price target on the company’s stock to $150 from $220, while keeping an “Overweight” rating, as reported by The Fly. As per the analyst, the observability sector demonstrated strong performance, with results ranging from in-line to ahead-of-plan.
After the recent M&A, the security-related sales cycles have strengthened. Also, the ongoing platform consolidation is benefiting the pure-play companies.
Meanwhile, Scotiabank reduced its price target on Datadog, Inc. (NASDAQ:DDOG)’s stock to $160 from $180, while keeping an “Outperform” rating, as reported by The Fly. As per the analyst, the firm believes that Datadog, Inc. (NASDAQ:DDOG) remains the gold standard for cloud-native observability. Also, the firm appreciates the company’s accelerating adoption because of AI.
In a separate release, Baird reduced its price target on the company’s stock to $180 from $220, while keeping an “Outperform” rating. Notably, the firm updated the model after strong results.
Datadog, Inc. (NASDAQ:DDOG) is a U.S.-based company that provides an observability service for cloud-scale applications. Its platform provides monitoring and analytics for servers, databases, tools, and services, delivered via a SaaS data analytics platform.
While we acknowledge the potential of DDOG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
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