Datadog price target raised to $130 from $125 at Scotiabank

Scotiabank analyst Patrick Colville raised the firm’s price target on Datadog (DDOG) to $130 from $125 and keeps an Outperform rating on the shares. The company reported a nice Q1 beat and raise on the top line, the analyst tells investors. The firm recently selected the stock as its “Top Offensive Pick” in Software and now has renewed confidence that if the macro headline risks stabilize, Datadog should be one of the stocks to rush back into.