DA Davidson analyst Gil Luria upgraded Datadog to Buy from Neutral with a price target of $140, up from $115. The firm’s proprietary developer data showed a strong positive inflection point for Datadog, which gives the firm confidence in the trajectory of demand, the analyst tells investors. Overall, the firm has greater confidence in Datadog’s platform adoption play as feedback from checks suggest that Datadog is gaining more traction, specifically with its SIEM product, the firm stated.
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