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.
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