Datadog stock jumps 7% on Stifel upgrade — what traders are watching into earnings
Datadog shares rose 7.2% to $132.35 by midday Thursday after Stifel upgraded the stock to “buy” but cut its price target to $160 from $205. The company will report fourth-quarter and full-year results on Feb. 10, with an investor day set for Feb. 12. Other firms, including TD Cowen and Mizuho, also lowered price targets but maintained positive ratings. Observability peers Dynatrace and Elastic also advanced.