Canaccord raised the firm’s price target on Datadog (DDOG) to $185 from $160 and keeps a Buy rating on the shares. The firm updated its model ahead of Q3 results and said with strong execution, a rule-of-55+ profile, and rising AI tailwinds, they continue to view Datadog as a core holding into the print.
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Read More on DDOG:
- ServiceNow price target lowered to $1,150 from $1,200 at Stifel
- Datadog price target raised to $180 from $175 at BofA
- Datadog price target raised to $165 from $150 at Baird
- Positive Outlook for Datadog: Strong Earnings, AI Adoption, and Growth Prospects Justify Premium Valuation
- Datadog price target raised to $184 from $169 at BTIG
