Fly News Breaks for November 21, 2019
Nov 21, 2019 | 07:49 EDT
Oppenheimer analyst Ittai Kidron initiated coverage of Datadog with a Perform rating. In a research note to investors, Kidron says he is "positive" on Datadog's technology and growth prospects, and his firm's proprietary analysis suggests ~25%-30% of revenue upside to 2020-2021 consensus estimates, but says that even when taking this into account, he believes the upside is largely built into the shares and would look for a better entry point with this recent IPO.
News For DDOG From the Last 2 Days
Nov 23, 2020 | 17:05 EST
As previously reported, KeyBanc analyst Michael Turits initiated coverage of Datadog with a Sector Weight rating. While the company has emerged as the fastest growing of the next-gen monitoring, or "observability," vendors, he believes it is unlikely Datadog becomes an industry consolidator in what has historically been a highly fragmented market, Turits tells investors. He believes the stock is fairly valued given what he see as a high level of competition and relatively low barriers to entry and exit, the analyst added.