Datadog price target raised to $128 from $125 at Barclays

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.