Datadog price target raised to $130 from $108 at Mizuho

Mizuho analyst Gregg Moskowitz raised the firm’s price target on Datadog to $130 from $108 and keeps a Neutral rating on the shares. The company reported a good Q4 and management encouragingly noted that usage trends improved again now that high-intensity cloud optimizations have ceased, the analyst tells investors in a research note. The firm, however, also believes competition has intensified slightly over the last 12 months. It finds the stock’s risk/reward as balanced.