Jefferies raised the firm’s price target on Datadog (DDOG) to $220 from $190 and keeps a Buy rating on the shares post the Q3 report. The firm says Datadog eased investor concerns around artificial intelligence optimization by confirming an early OpenAI renewal and reporting accelerating AI-native growth in the quarter. Jefferies sees further share upside with the OpenAI “overhang lifted” along with Datadog’s core growth inflecting.
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