Datadog price target raised to $210 from $170 at Jefferies

Jefferies raised the firm’s price target on Datadog (DDOG) to $210 from $170 and keeps a Buy rating on the shares after what the firm describes as “a clean beat and raise” that included the strongest quarter-over-quarter customer usage growth since Q1 of 2022. Guidance was “equally strong,” adds the analyst, who sees core non-AI-native revenue growth accelerating strengthening the bull case.