The Latest Breaking News from Datadog

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The stock market rallied to start the week, initially soaring on Fed chief Jerome Powell's comments, but then dived as Treasury yields spiked.

Datadog reported March-quarter earnings and revenue that topped analyst estimates, while guidance came in above expectations.

Rosenblatt offers its insight on three tech stocks ahead of their earnings results in May.

If history is any guide, there may be trouble ahead for shares of Datadog (NASDAQ:DDOG). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Over the past 3 months, 15 analysts have published their opinion on Datadog (NASDAQ:DDOG) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Datadog Inc (NASDAQ: DDOG) shares are trading higher in Wednesday's after-hours session after the company announced a partnership with Microsoft Corp (NASDAQ: MSFT).

Upgrades

BTIG analyst Gray Powell initiated coverage of Datadog Inc (NASDAQ:DDOG) with a Buy rating and $175 price target (24.9% upside).  Powell saw the observability market benefiting over the next few years as companies increasingly invest in digital transformation initiatives. Powell saw Datadog "winning across multiple product categories."  Powell's checks indicate Datadog as the most innovative…