Canaccord lowered the firm’s price target on Datadog (DDOG) to $185 from $210 and keeps a Buy rating on the shares. The firm said the company accelerated revenues for the third quarter in a row, growing 29% year-over-year in the quarter and 28% for the year as they contniue to win over AI-native companies provides a compelling answer to the existential debate of Datadog’s relevancy as GPU workloads increase in share of overall compute.
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