From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 30s
Datadog Shares Jump After CIBC Upgrade
CIBC boosts Datadog target, sparking 6.7% share surge.
In brief
CIBC boosts Datadog target, sparking 6.7% share surge. CIBC raised Datadog's price target to $315 from $280, driving shares up 6.7% to $292.06. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
Datadog Shares Surge
Datadog shares climbed 6.7% to $292.06 Friday as CIBC raised its price target by 12.5%.
CIBC Boosts Target
CIBC upgraded Datadog to Outperformer, lifting price target from $280 to $315.
Market Reaction
The move pushed market cap to $104.7B with 2.0M shares traded, signaling renewed Wall Street confidence.
What matters most
CIBC raised Datadog's price target to $315 from $280, driving shares up 6.7% to $292.06.
