Why Datadog Stock Jumped Today

Evan Niu, CFA, The Motley Fool

20 January 2021 at 1:20 pm·2-min read

Shares of Datadog (NASDAQ: DDOG) jumped today, up by 6% as of 12:45 p.m. EST, after a Wall Street analyst initiated coverage on the company. Truist Securities has started Datadog stock with a buy rating and assigned a price target of $120, which represents 21% upside from yesterday's close. Analyst Joel Fishbein acknowledges that Datadog is currently trading at lofty valuation multiples but believes that the company's strong growth and leadership in the growing observability market justifies the premium.

Chronicle Live
This Morning's Ben Shephard calls halt to ITV show as 'distressing' news breaks
This Morning host Ben Shephard called a halt to the ITV show as breaking news came into the studio live on air
13 hours ago
Birmingham Live
Meghan Markle's 'three-word reply' to Prince Harry's 'unexpected interruption' at event
Meghan Markle and Prince Harry made their first public appearance alongside Prince William and Kate Middleton in 2018, but a Royal author has claimed it was marred by an awkward moment
7 hours ago
Bristol Live
Brits say 'UK is finished' after spotting how much egg and cress M&S sandwich costs
Many shoppers have been left outraged after spotting M&S charging 'ridiculous amount' for a sandwich
a day ago
Yahoo News UK
Moment members of public step in to calm horse charging through London
Footage taken by a Brazilian tourist shows several pedestrians stepping to soothe the black horse which caused damage after running through the London streets on Wednesday.
9 hours ago
Daily Record
David Jason and Nicholas Lyndhurst's 'feud' - from on-set row to vow never to work together
David Jason and Nicholas Lyndhurst will forever be remembered for their roles as Del Boy and Rodney Trotter in Only Fools and Horses, but the pair's relationship off-screen has been far from perfect.
a day ago
Nottinghamshire Live
ITV Tipping Point winner told she can't go on £2.5k holiday won on ITV show
Maxine Longmuir, 69, was thrilled when she won a £2,500 holiday to Portugal on the ITV quiz show, but claims she was left devastated when she was told she was unable to rebook it
2 days ago
The Independent
Rebekah Vardy’s footballer ex jailed for running a cannabis factory
The pair share a teenage son together
13 hours ago
Gloucestershire Live
Dr Michael Mosley says a teaspoon of 'nutritional powerhouse' food can reduce blood pressure and improve skin
They contain a triple whammy of alpha linolenic acid, fibre and lignans which help protect against heart disease, high blood pressure and high cholesterol
18 hours ago
The Independent
Remains of woman and daughter not seen for 24 years found in house of suspected killer on day he dies
Larry Webb confessed on his deathbed to shooting and killing Susan Carter and her daughter Natasha ‘Alex’ Carter over financial troubles
a day ago
People
Joan Collins, 90, Wears Sheer, Embellished Top and Oversize Bow for London Date Night with Her Husband Percy Gibson
The couple, who wed in 2002, supported their friend Gabriela Peacock’s book launch at the Broadwick Soho
5 hours ago
Prevention
Archaeologists Discovered an ‘Unprecedented’ Ancient Monument That Could Rewrite History
It’s practically impossible.
12 hours ago
Nottinghamshire Live
The Chase: 'Skinny Beast' Mark Labbett praised for weight loss transformation
The Chase star Mark Labbett, who is also known as The Beast, shared a snap of his 'healthy' dinner while dining out at a restaurant
16 hours ago
Birmingham Live
ITV Britain's Got Talent hit with 54 Ofcom complaints over 'disgusting' act
Britain's Got Talent has been hit with Ofcom complaints after a string of viewers were left feeling sick over one act's routine during the launch episode
14 hours ago
The Telegraph
Dine-and-dash family ‘visited by police’
Police have visited a family at the centre of a dine-and-dash scandal, a restaurant owner allegedly targeted in the string of incidents has claimed.
2 days ago
Daily Record
Meghan Markle turned down Coronation invite after Charles' 'unsatisfactory' reply to letter
Meghan penned a letter to King Charles following the claims.
a day ago
Daily Record
Prince Harry 'in tears' as he was 'furious' over King's 'cruel' Frogmore Cottage eviction
Prince Harry was left upset by his father's decision to evict him and Meghan from Frogmore Cottage as they were under the impression that the property would always be available to them, according to a royal expert.
a day ago
Aberdeen Live
Prince Harry's 'homesick' calls to King Charles as he prepares for UK return
Prince Harry is set to return to the UK in less than two weeks to mark the 10th anniversary of the Invictus Games - and he is likely feeling some trepidation about his visit
13 hours ago
Swindon Advertiser
Shock as rare snake spotted near Swindon neighbourhood
Despite being relatively rare in the area, a wild snake has been spotted near a Swindon suburb.
20 hours ago
Oxford Mail
DVLA alert to millions of drivers over new tax, MOT & driving licence process
It is illegal in the UK to get behind the wheel of vehicle without a valid photocard licence
2 days ago
News and Star
League One: Promotion chasers sack boss with one game to go
The League One promotion-chasers have sacked their boss despite sitting in a play-off place with one game to go.
a day ago

Latest stories