Needham analyst Jack Andrews raised the firm’s price target on Datadog (DDOG) to $140 from $130 and keeps a Buy rating on the shares. The company’s DASH conference punctuated the degree of innovation with a flood of product announcements, particularly embedding AI throughout the platform, the analyst tells investors in a research note. Needham adds that it continues to find the pace of product innovation encouraging and believes that the platform evolution is playing an important role in Datadog winning large deals and gaining share.
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