BMO Capital raised the firm’s price target on Datadog to $155 from $140 and keeps an Outperform rating on the shares. The company’s Q4 results were “solid all around”, highlighted by mid-40%s Current Remaining Performance Obligation growth, the analyst tells investors in a research note. Datadog is one of the better-positioned companies in its coverage universe, with growth potential driven by greater consumption and expanding portfolio, the firm added.
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