Why Investors Were Barking for Datadog Stock Today

Highly specialized tech stock Datadog (NASDAQ: DDOG) received quite a treat from stock market investors on Monday, as they collectively sent the company's shares up by well over 4%. It was clear they took an analyst's bullish update on the stock to heart, since that increase trounced the S&P 500 index's 0.3% rise. That prognosticator was BMO Capital's Keith Bachman, who published a new take on Datadog before market open. In that note, he raised his price target on the stock to $154 per share, which was quite the boost from his previous $130 assessment. In doing so, Bachman kept his outperform (i.e., buy) recommendation on the shares intact. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool