🔴 Datadog is trading 4.15% down today after Jefferies cut the stock to Hold on valuation concerns

Datadog is trading at $252.27 (-4.15%) after Jefferies downgraded the stock to Hold from Buy on valuation concerns.

• The firm noted that the stock’s 94% year-to-date rally leaves little cushion for execution slippage.
• Despite the rating cut, Jefferies raised its price target for the stock to $280.