Datadog initiated with a Buy at Rothschild & Co Redburn

Rothschild & Co Redburn initiated coverage of Datadog (DDOG) with a Buy rating and $170 price target The firm believes Datadog offers a “best-in-class growth profile” and will be a “structural winner.” The market underappreciates Datadog’s “leading product innovation and customer expansion mechanics,” the analyst tells investors in a research note. Rothschild sees an attractive risk/reward at current share levels, believing a “near-worst-case AI scenario” is priced in.