Barclays analyst Raimo Lenschow raised the firm’s price target on Datadog (DDOG) to $128 from $125 and keeps an Overweight rating on the shares. The company’s “solid” Q1 results were driven by AI-Native contributions, better new customer bookings, and large customer expansions, and these are just a few pieces of an all-around solid quarter, the analyst tells investors in a research note. While margins could raise some eyebrows near term, the firm believes guidance and better growth should balance this out.
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Read More on DDOG:
- Datadog price target lowered to $120 from $125 at Stifel
- Datadog’s Strategic AI-Native Focus Drives Strong Q1 Performance and Optimistic Q2 Guidance, Earning a Buy Rating
- Datadog’s Strong Growth and AI Market Positioning Earns Buy Rating
- Datadog’s Strong Q1 Performance and Strategic Positioning Justify Buy Rating Amid Mixed Outlook
- Datadog’s Strong Revenue Performance and Strategic Acquisitions Justify Buy Rating