Datadog price target raised to $225 from $175 at Evercore ISI

Evercore ISI raised the firm’s price target on Datadog (DDOG) to $225 from $175 and keeps an Outperform rating on the shares following the company’s “impressive ‘beat/raise’ quarter.” The strong fiscal Q1 results and guidance should help to mitigate bear fears of a growth slowdown in the second half, the analyst tells investors.