Why Datadog Stock Jumped on Thursday

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Shares of monitoring and analytics platform specialist Datadog (NASDAQ: DDOG) spiked on Thursday. The stock rose as much as 5%. As of 3 p.m. EST, it had settled to about a 4% gain.

The stock’s rise today was likely fueled by a combination of an upbeat day in the overall stock market and an analyst’s decision to increase his 12-month price target for the stock.

Image source: Getty Images.

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