Datadog price target raised to $152 from $138 at Barclays

Barclays raised the firm’s price target on Datadog to $152 from $138 and keeps an Overweight rating on the shares. The analyst says strong results in-quarter and positive usage commentary to start the new year “demonstrate that the worst of optimizations may be behind” the company. While the fiscal 2024 guidance was underwhelming at first, positive commentary helped ease initial fears, the analyst tells investors in a research note.