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Datadog upgraded to Overweight from Sector Weight at KeyBanc

KeyBanc upgraded Datadog (DDOG) to Overweight from Sector Weight with a $230 price target post the Q3 report. The company’s revenue excluding OpenAI accelerated and there is sustained visibility into OpenAI spend for the next several quarters, the analyst tells investors in a research note. The firm believes Datadog’s “positive growth inflection” will continue given its innovation, platform breadth, relevance with AInatives, increasing success with security, and accelerating public cloud trends.

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