Datadog, Inc. (NASDAQ:DDOG) shares are trading higher on Monday after Barclays maintained its Overweight rating on the stock and raised its price target from $70 to $107 per share.
Datadog is a monitoring and analytics platform for developers, IT operations teams and business users. Its platform integrates and automates infrastructure monitoring, application performance monitoring and log management.
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The solutions offered by the company include Financial Services, Manufacturing & Logistics, Media & Entertainment and Gaming among others.
Datadog shares were trading up 4.19% at $90.96 at the time of publication on Monday. The stock has a 52-week high of $98.99 and a 52-week low of $27.55.