Canaccord raised the firm’s price target on Datadog (DDOG) to $225 from $185 and keeps a Buy rating on the shares. The firm said not only did its largest customer reach a nine-figure annualized expansion deal, but they saw an acceleration of growth across non-AI customers, sequential usage growth for non-AI existing customers was the highest it’s been in 12 quarters, and an acceleration in the AI-native cohort ex-largest customer.
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Read More on DDOG:
- Datadog price target raised to $180 from $170 at Bernstein
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