Datadog price target raised to $220 from $190 at Wedbush

Wedbush raised the firm’s price target on Datadog (DDOG) to $220 from $190 and keeps an Outperform rating on the shares. The firm notes the company reported its Q1 results which featured strong beats across the board once again highlighted by revenue surpassing $1B in the quarter for the first time as Datadog continues seeing accelerating demand for its platform approach with strength across AI-native and non-AI, reinforcing the company’s mission-critical positioning at the center of cloud migration, digital transformation, and AI adoption.