BMO Capital analyst Keith Bachman raised the firm’s price target on Datadog (DDOG) to $215 from $154 and keeps an Outperform rating on the shares. The company posted a strong September quarter with a 4% revenue beat, 53% y/y RPO growth, and raised FY25 guidance, the analyst tells investors in a research note. DDOG highlighted a positive demand environment, with both the AI Native cohort excluding OpenAI and the non-AI cohort accelerating growth, the firm added.
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