DDOG - Anaplan Datadog stocks gain after Jefferies upgrades on continuing software outperformance
Jefferies analyst Brent Thill predicts the software sector will continue to outperform in 2021, driven by "strong fundamentals" that will provide "room for further gains among select names."Thill upgrades CrowdStrike (CRWD) from Hold to Buy with a $275 price target, a 23% upside to Friday's close.DataDog (DDOG) is raised from Hold to Buy with $20 added to its price target for $125.Anaplan (PLAN) moves from Hold to Buy and $70 to $85 with Thill calling the company a "snap back" idea on improving demand and easy comps.Pre-market movements: CRWD -0.7%, DDOG +1.5%, PLAN +3%.Earlier, CrowdStrike launched a $750M senior note offer. Anaplan is fresh off a Piper upgrade, which also cited improving demand.
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Anaplan, Datadog stocks gain after Jefferies upgrades on continuing software outperformance