Fly News Breaks for February 11, 2020
Feb 11, 2020 | 09:01 EDT
Needham analyst Jack Andrews raised his price target to $54 and kept his Buy rating on Datadog ahead of its Q4 earnings this week, saying he expects "good results" with monetization of new SKUs creating an uplift after a period of pent-up demand. The analyst adds that the competitive landscape for Datadog should remain favorable, with other public companies having reported strong metrics, and also raises his FY20 EPS view by 4c to (9c).
News For DDOG From the Last 2 Days
Jul 7, 2020 | 07:46 EDT
Rosenblatt analyst Yun Kim raised the firm's price target on Datadog to $115 from $75 and keeps a Buy rating on the shares. Following recent industry checks, the analyst believes the disparity between high spending priority software initiatives and lower priority ones is likely to become larger in the second half of the year and well into next year. Kim continues to pick up signs that large-scale business application deployments remain a lower spending priority and smaller-sized deals with existing customers remaining the norm. The pace of initiatives related to the migration of workloads to the cloud is accelerating and the scope is getting larger, Kim tells investors in a research note.