Datadog price target raised to $140 from $115 at JPMorgan

JPMorgan raised the firm’s price target on Datadog to $140 from $115 and keeps an Overweight rating on the shares. The company reported strong Q4 results with revenue and operating income well ahead of the consensus, while guiding fiscal 2024 revenue modestly below estimates, the analyst tells investors in a research note. The firm is positive following results and believes Datadog “is on firmer footing relative to the setup one year ago.”