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TechStock Radar
E-mail: Rob@techstockprospector.com
Technorati
October 2020
Archives
 
Thursday, October 1, 2020, 5:37 PM — by Rob DeFrancesco, TechStock Radar
Mizuho Lifts Datadog Target to $116

Mizuho raised its Datadog (DDOG, $103.51) price target to $116 from $110 after the company announced a new strategic partnership with Microsoft Azure. 


The firm explains that Datadog and other observability vendors already have a series of partnerships with public cloud vendors, but says the Azure pact is a tighter, more seamless agreement that has the ability to drive “significantly higher” new customer acquisition (and increased overall usage) for Datadog going forward.


Yesterday, Datadog shares surged 12% and hit a new all-time high of $107.99 on news of the new Microsoft partnership.

   
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