As previously reported, Guggenheim upgraded Datadog (DDOG) to Neutral from Sell and withdrew the firm’s prior $105 price target as revenue growth excluding OpenAI is accelerating. Management said quarter-over-quarter usage growth was the best in three years, better than they expected, and that year-over-year acceleration continued into October, notes the firm, which now expects 29% growth in Q4, 28% in FY25, and about 23% in FY26. The firm prefers “to be an observer from the sidelines for now,” the analyst added.
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