Datadog is a strong company at an attractive entry point following a recent pullback, according to TD Cowen.
Analyst Andrew Sherman initiated coverage of the software stock at outperform.
"Our checks were highly bullish and we think DDOG is in the best position to consolidate spend from other tools."
At this point, he said the stock is at a highly attractive entry point, especially as investors begin to look to performance in 2025.
DDOG .IXIC YTD mountain Datadog vs. the Nasdaq Composite, year to date — CNBC's Michael Bloom contributed to this report
Persons:
TD Cowen, Andrew Sherman, Sherman, Datadog, Michael Bloom
Organizations:
Nasdaq