Datadog (DDOG) is no dog today. The security platform stock was up 6% today as Stifel upgraded the stock to a Buy with a $160 price target. The upgrade came as the firm’s checks suggested Datadog was poised for a “larger than typical” quarterly beat, with its core growth accelerating. Bernstein also recently upgraded the stock to an Outperform and a $180 price target.
Abbott Labs fell 10%, the worst performer in the S&P 500 following in line earnings but missed on sales and first quarter guidance was below expectations. Weaknesses in Abbott’s business came from diagnostics sales which declined 2.5% due to a slump in Covid testing sales. Their nutrition sales were also a drag down 8.9%. Abbott is looking to close a deal for Exact Science in the second quarter, valued at $21 billion.
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