RBC Capital analyst Matthew Hedberg raised the firm’s price target on Datadog (DDOG) to $216 from $182 and keeps an Outperform rating on the shares. The company delivered an inflection quarter that saw accelerating non AI-native growth and an early renewal from OpenAI that expanded usage, the analyst tells investors in a research note. These two point take out two major bear arguments and overhangs, the firm added.
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