Rosenblatt raised the firm’s price target on Datadog (DDOG) to $200 from $170 and keeps a Buy rating on the shares after the company reported “solid” Q3 results and raised its revenue growth guidance by about 2% to 26% for FY25. The firm is increasing its estimates for FY25-27 and rolling forward its valuation, the analyst noted.
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Read More on DDOG:
- Datadog price target raised to $225 from $185 at Canaccord
- Datadog price target raised to $180 from $170 at Bernstein
- Balanced Optimism and Caution: Sanjit Singh’s Hold Rating on Datadog Amid Revenue Growth and Valuation Concerns
- Datadog’s Strong Financial Performance and Growth Prospects Drive Buy Rating
- Datadog price target raised to $215 from $170 at Barclays
