Wells Fargo initiated coverage of Datadog (DDOG) with an Overweight rating and $190 price target The company is an AI beneficiary as run-rate revenue from AI-natives – excluding OpenAI – has already surpassed $100M, the analyst tells investors in a research note. Application Performance Monitoring, AMP, and Logs serve as a pillar for future growth as Datadog grows wallet share with existing customers who are continuing to consolidate vendors, the firm added.
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