Datadog Welcomes David Galloreese as New Chief People Officer

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A strong partnership with Microsoft could be 'invaluable' for this software stock

July 5, 2024 2:00 PM EDT

Loop Capital analysts remain bullish on one software stock, maintaining a Buy rating and a $160 price target in a note Friday. Their positive outlook is based on steady consumption trends, strong industry checks, and the emergence of enterprise standardization in cloud observability.

Loop Capital anticipates at least a modest revenue beat for Datadog, Inc. (NASDAQ: DDOG) upcoming quarter, similar to the positive results seen in Q1. They point to positive industry trends for new cloud... More