Datadog labeled bull, Landstar System bear in recent analysis

From Nasdaq: 2024-08-07 08:32:00

Bull of the Day: Datadog, a data analytics company specializing in monitoring infrastructure and application performance, has shown resilience despite recent market volatility. Piper Sandler designated it as a top cybersecurity pick with a price target of $115 and Baillie Gifford increased their position by 70% in Q2. Last week, BTIG upgraded it to Buy from Neutral with a $143 price target.

Bear of the Day: Landstar System faces challenges in a weak freight environment and missed estimates for Q2 sales and EPS. Subpar Q3 guidance has led to downward earnings revisions, and the stock’s valuation concerns may not be justified given industry risks and declining EPS estimates. Potential high risk warrants caution at a share price of $185.

Palantir Stock Rises: Palantir’s strong quarterly results showcase its AI applications. Revenue and customer count have seen significant growth, with the AI platform growing revenue by 55% year-on-year. CEO Alex Karp believes the company is a leader in AI technology application, providing reassurance amidst recent market doubts about the industry.



Read more at Nasdaq: Datadog and Landstar System have been highlighted as Zacks Bull and Bear of the Day