Scotiabank raised the firm’s price target on Datadog to $157 from $140 and keeps an Outperform rating on the shares. The analyst says Datadog’s Q4results and fiscal 2024 outlook were robust but with expectations high heading into the print, bears “might nitpick” that trends could have been even stronger. The firm has continued conviction on Datadog as its top offensive pick in software and feels “great” in 2024.
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