DA Davidson raised the firm’s price target on Datadog to $100 from $70 and keeps a Neutral rating on the shares. The company reported a bounce back quarter with usage trends improving and AI tailwinds becoming more material, the analyst tells investors in a research note. Datadog management also course corrected growth raising FY revenue guidance back to previously expected levels, the firm states, adding that its new logo growth remains healthy, and the company surpassed ARR milestones across its product portfolio.
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