There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Datadog (DDOG – Research Report) and Wix (WIX – Research Report) with bullish sentiments.
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 Friday at $129.74, close to its 52-week high of $138.61.
According to TipRanks.com, Colville is a 3-star analyst with an average return of
Currently, the analyst consensus on Datadog is a Moderate Buy with an average price target of $146.00, a 10.6% upside from current levels. In a report issued on February 7, Stifel Nicolaus also maintained a Buy rating on the stock with a $140.00 price target.
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Wix (WIX)
Benchmark Co. analyst Mark Zgutowicz maintained a Buy rating on Wix today and set a price target of $132.00. The company’s shares closed last Friday at $127.26, close to its 52-week high of $134.21.
According to TipRanks.com, Zgutowicz is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wix with a $137.62 average price target, implying an 8.4% upside from current levels. In a report issued on February 16, Jefferies also maintained a Buy rating on the stock with a $140.00 price target.
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