Datadog price target raised to $139 from $121 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Datadog (DDOG) to $139 from $121 and keeps a Sell rating on the shares. Datadog continues to benefit from AI-driven demand that is expanding observability budgets and supporting strong platform wins, but increasing competition and potential customer reassessment of tooling choices could offset some of this tailwind and shape longer-term performance, the analyst tells investors in a research note.