Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Anusuya Lahiri

Read What Made Goldman Sachs Bullish On Datadog

  • Goldman Sachs analyst Kash Rangan raised the rating on Datadog Inc (NASDAQ:DDOG) to Conviction Buy from Buy and put a $250 price target on shares, implying some 56% upside.
  • Rangan noted that the company is "well-positioned" for success outside of its core products, notably in security, which could boost its total addressable market by $20 billion.
  • In addition, Rangan cited the company's revenue model "has room to grow," as Datadog only accounts for 10% of its largest clients' cloud spend.
  • In addition, Rangan noted that Datadog's product suite is cloud-agnostic and is well integrated into a platform on a common architecture.
  • Price Action: DDOG shares traded higher by 0.49% at $159.80 in the market on the last check Tuesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.