Goldman Sachs raised the firm’s price target on Datadog to $125 from $114 and keeps a Buy rating on the shares. The company reported a “strong” Q3 print as revenue topped consensus by 4% and billings beat by 7%, the analyst tells investors in a research note. Goldman Sachs adds that it is constructive on the stability to cRPO and stronger usage trends through October, which it sees positioning Datadog well to execute against a sub-seasonal +4% sequential guide.
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