DA Davidson analyst Gil Luria raised the firm’s price target on Datadog (DDOG) to $160 from $125 and keeps a Buy rating on the shares ahead of its Q2 results. The firm continues to look past the narrative around OpenAI and views the company as well positioned for growth and a benefactor in the rotation from AI hardware to AI software infrastructure, the analyst tells investors in a research note. Checks with the DEN and key industry players also emphasized Observability as a two-horse race, with Datadog “clearly one of the winners”, the firm added.
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