UBS analyst Karl Keirstead raised the firm’s price target on Datadog (DDOG) to $140 from $125 and keeps a Buy rating on the shares. UBS heard positive feedback on Datadog’s emerging products and the open source risk at the DASH conference, but continued to hear mixed anecdotes on core Datadog usage growth, the analyst tells investors in a research note. The firm notes that sentiment has improved, but remains weak on the back of a slowdown in “core” enterprise growth and the large exposure to OpenAI.
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