BMO Capital raised the firm’s price target on Datadog (DDOG) to $150 from $130 and keeps an Outperform rating on the shares. The company delivered impressive Q2 results, highlighted by a 4.5% beat to consensus revenue estimates and raised FY25 guidance, the analyst tells investors in a research note. Datadog guidance for the remainder of the year is prudent if not conservative, the firm added.
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