Why Shares of Datadog Rose Today

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Shares of Datadog, Inc. (NASDAQ: DDOG), an analytics platform company, spiked today after the company received an upgrade from an analyst at Jefferies. 

The tech stock was up by as much as 7.8% today and had gained 6.5% as of 1:25 p.m. EST. 

Jefferies analyst Brent Thill upgraded Datadog from a hold rating to a buy rating today and raised his price target on the stock from $105 to $125.

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