Is It Worth Investing in Datadog (DDOG) Based on Wall Street's Bullish Views?

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Of the 37 recommendations that derive the current ABR, 24 are Strong Buy and three are Buy. Strong Buy and Buy respectively account for 64.9% and 8.1% of all recommendations. While the ABR calls for buying Datadog, it may not be wise ...