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Analysts Conflicted on These Technology Names: Fortinet (FTNT) and Datadog (DDOG)

Tipranks - Tipranks - Tue Apr 14, 9:08PM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Fortinet (FTNT) and Datadog (DDOG).

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Fortinet (FTNT)

RBC Capital analyst Dan Bergstrom maintained a Hold rating on Fortinet on April 12 and set a price target of $90.00. The company’s shares closed last Monday at $78.74.

According to TipRanks.com, Bergstrom is ranked #1909 out of 12179 analysts.

Fortinet has an analyst consensus of Hold, with a price target consensus of $87.61, which is a 13.9% upside from current levels. In a report released yesterday, Barclays also maintained a Hold rating on the stock with a $88.00 price target.

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Datadog (DDOG)

RBC Capital analyst Matthew Hedberg maintained a Buy rating on Datadog on April 12 and set a price target of $161.00. The company’s shares closed last Monday at $110.08, close to its 52-week low of $98.30.

According to TipRanks.com, Hedberg is ranked 0 out of 5 stars with an average return of -3.1% and a 40.0% success rate. Hedberg covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and CommVault Systems. ;'>

Currently, the analyst consensus on Datadog is a Strong Buy with an average price target of $184.85, which is a 75.5% upside from current levels. In a report issued on April 1, Benchmark Co. also initiated coverage with a Buy rating on the stock with a $150.00 price target.

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