Benzinga | Jul 20, 2020 11:08AM EDT

Why Datadog's Stock Is Trading Higher Today

Datadog, Inc. (NASDAQ:DDOG) shares are trading higher on Monday after Barclays maintained its Overweight rating on the stock and raised its price target from $70 to $107 per share.

Datadog is a monitoring and analytics platform for developers, IT operations teams and business users. Its platform integrates and automates infrastructure monitoring, application performance monitoring and log management.

The solutions offered by the company include Financial Services, Manufacturing & Logistics, Media & Entertainment and Gaming among others.

Datadog shares were trading up 4.19% at $90.96 at the time of publication on Monday. The stock has a 52-week high of $98.99 and a 52-week low of $27.55.