Truist raised the firm’s price target on Datadog (DDOG) to $140 from $120 and keeps a Hold rating on the shares after its Q2 earnings beat. The AI Native cohort continues to increase in importance, with a 350bp revenue acceleration in the business driven primarily by their largest AI-native customer, believed to be OpenAI, alongside stable growth in their remaining customer base, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DDOG:
- Many software companies well-positioned for AI revolution, says DA Davidson
- Datadog price target raised to $150 from $130 at BMO Capital
- Datadog price target raised to $155 from $145 at Mizuho
- Datadog price target raised to $147 from $145 at Bernstein
- Datadog price target raised to $160 from $145 at Canaccord