DA Davidson raised the firm’s price target on Datadog to $115 from $100 but keeps a Neutral rating on the shares. The company reported a quarter with slight acceleration to revenue and results above expectations but delivered disappointing 2024 outlook in spite of the positive forward-looking metrics, the analyst tells investors in a research note. . Intense optimizations were noted to have faded with usage growth from that cohort of customers now outpacing growth from the rest of the customer base, the firm added.
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