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Why Datadog Stock Jumped Today

Wells Fargo launched coverage of Datadog shares with a bullish view and a head-turning price target.Shares of Datadog (DDOG 8.27%) have risen about 7.2% as of 2:30 p.m. ET on Wednesday. The move follows a fresh analyst initiation from Wells Fargo analysts, who assigned an overweight rating and a $190 price target to the software company, framing Datadog as a key beneficiary as artificial intelligence (AI)-native start-ups and traditional enterprises ramp up their cloud workloads. A new bullish call and why ...