Stifel analyst Brad Reback raised the firm’s price target on Datadog (DDOG) to $205 from $135 and keeps a Hold rating on the shares. The firm notes Datadog is up about 20% midday, as core revenue growth accelerated quarter-over-quarter driven by sequential usage growth that was broad-based across customer segments and industries. The company also posted accelerating over $100k adds, as well as accelerating contribution from new customers. With Datadog now showing across the board acceleration, Stifel believes management will no longer disclose Gen AI contribution metrics beginning in 2026. Net/net, the firm believes Q3 results highlight that recent S&M investments are appreciably materializing, and it hopes that management sustains spending in order to maintain durable core revenue growth.
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