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Analysts Offer Insights on Technology Companies: Datadog (DDOG), Affirm Holdings (AFRM) and Shopify (SHOP)

Analysts fell to the sidelines weighing in on Datadog (DDOGResearch Report), Affirm Holdings (AFRMResearch Report) and Shopify (SHOPResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Datadog (DDOG)

Wells Fargo analyst Andrew Nowinski maintained a Hold rating on Datadog today and set a price target of $130.00. The company’s shares closed last Tuesday at $131.68, close to its 52-week high of $137.93.

According to TipRanks.com, Nowinski is a 5-star analyst with an average return of 19.6% and a 58.1% success rate. Nowinski covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and CyberArk Software.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Datadog with a $141.30 average price target, which is an 11.7% upside from current levels. In a report issued on February 8, Monness also maintained a Hold rating on the stock.

See today’s best-performing stocks on TipRanks >>

Affirm Holdings (AFRM)

J.P. Morgan analyst Reginald Smith maintained a Hold rating on Affirm Holdings today. The company’s shares closed last Tuesday at $39.75.

According to TipRanks.com, Smith is a 1-star analyst with an average return of -2.8% and a 46.9% success rate. Smith covers the Financial sector, focusing on stocks such as Marathon Digital Holdings, Bread Financial Holdings, and SoFi Technologies.

Affirm Holdings has an analyst consensus of Hold, with a price target consensus of $37.03, a -11.0% downside from current levels. In a report issued on February 2, Deutsche Bank also maintained a Hold rating on the stock with a $35.00 price target.

Shopify (SHOP)

Bank of America Securities analyst Bradley Sills reiterated a Hold rating on Shopify today and set a price target of $92.00. The company’s shares closed last Tuesday at $77.18.

According to TipRanks.com, Sills is a 4-star analyst with an average return of 6.7% and a 52.5% success rate. Sills covers the Technology sector, focusing on stocks such as Bill.com Holdings, Salesforce, and ServiceNow.

Currently, the analyst consensus on Shopify is a Moderate Buy with an average price target of $81.50, implying a 4.8% upside from current levels. In a report issued on January 30, Loop Capital Markets also maintained a Hold rating on the stock with a $82.00 price target.

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