Analyst William Power from Robert W. Baird reiterated a Buy rating on Datadog (DDOG – Research Report) and keeping the price target at $135.00.
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William Power has given his Buy rating due to a combination of factors that highlight Datadog’s strong innovation and growth potential. The company’s recent DASH event showcased a robust pipeline of new products and feature updates, emphasizing advancements in AI and security, which are crucial areas for future growth.
Additionally, customer feedback at the event underscored the importance of observability and Datadog’s growing market share in this space. The company’s strategic partnerships, such as with OpenAI, and the rapid growth of products like Flex Logs, further reinforce its position as a leader in the industry. These factors collectively contribute to a positive outlook for Datadog’s near- and long-term growth opportunities.
According to TipRanks, Power is a 5-star analyst with an average return of 17.0% and a 55.94% success rate. Power covers the Technology sector, focusing on stocks such as DocuSign, Snowflake, and Apple.
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