Datadog price target raised to $195 from $140 at Truist

Truist raised the firm’s price target on Datadog (DDOG) to $195 from $140 and keeps a Hold rating on the shares. The company posted a remarkable Q3 result, with the strength of the beat-and-raise across the board one-upped only by the strength of the commentary from management on the call, the analyst tells investors in a research note. Datadog also renewed a contract with their largest AI-native customer which had been the subject of much hand-wringing, the firm added.