Fly News Breaks for December 18, 2019
Dec 18, 2019 | 05:41 EDT
Rosenblatt initiated coverage of Datadog with a Buy rating and $50 price target.
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.