Truist raised the firm’s price target on Datadog to $155 from $140 and keeps a Buy rating on the shares. The company delivered upside to expectations across the board, bolstered by improving usage trends across customers who were early to optimize and broad growth across the customer base, the analyst tells investors in a research note. During the quarter, the company continued to win large strategic deals, with Remaining Performance Obligation, RPO, growing 74% from last year, the firm added.
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