Analysts have been eager to weigh in on the Technology sector with new ratings on Shopify (SHOP – Research Report) and Datadog (DDOG – Research Report).
Shopify (SHOP)
Scotiabank analyst Kevin Krishnaratne maintained a Hold rating on Shopify today and set a price target of $70.00. The company’s shares closed last Wednesday at $77.87.
According to TipRanks.com, Krishnaratne is a 4-star analyst with an average return of
Shopify has an analyst consensus of Moderate Buy, with a price target consensus of $82.00, implying a 6.2% 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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Datadog (DDOG)
In a report released today, Patrick Colville from Scotiabank reiterated a Buy rating on Datadog, with a price target of $157.00. The company’s shares closed last Wednesday at $136.18, close to its 52-week high of $138.61.
According to TipRanks.com, Colville is a 4-star analyst with an average return of
Datadog has an analyst consensus of Moderate Buy, with a price target consensus of $146.46, representing an 11.2% upside. In a report issued on February 2, Bernstein also maintained a Buy rating on the stock with a $137.00 price target.
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