Bernstein raised the firm’s price target on Datadog (DDOG) to $180 from $167 and keeps an Outperform rating on the shares. The firm notes Datadog’s Q1 earnings delivered its largest Q1 beat since COVID, and then doubled down with the largest Q2 quarter-over-quarter guide since 2021 and largest full year raise since Q1 2022. Bernstein imputes that Born-in-AI added around $15M revenue quarter-over-quarter, and impressively added nearly $200M ARR.
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