BofA analyst Koji Ikeda raised the firm’s price target on Datadog (DDOG) to $150 from $138 and keeps a Buy rating on the shares, calling the observability software vendor a “top pick” for the second half of 2025. Positive checks at the company’s annual customer conference, DASH, and positive results from the firm’s recent Datadog survey is increasing the firm’s confidence that demand is healthy, says the analyst, who believes Datadog is positioned to drive durable 20%-plus revenue growth and 20%-plus free cash flow margins over the long-term.
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