Datadog price target raised to $135 from $96 at Citi

Citi raised the firm’s price target on Datadog to $135 from $96 and keeps a Buy rating on the shares. The annual DASH user conference featured an “unsurprisingly heavy” dose of generative artificial intelligence-accentuated announcements that bring an “intriguing slate of high-potential” monetization opportunities, the analyst tells investors in a research note. The firm says the AI announcements showcase the avenues Datadog has to capitalize on the emerging trend.