Datadog price target raised to $250 from $225 at DA Davidson

DA Davidson raised the firm’s price target on Datadog (DDOG) to $250 from $225 and keeps a Buy rating on the shares. The company delivered another quarter of accelerating growth with usage better than expected driven by broad based strength in the business, also winning multiple large deals with AI research labs provider – further supporting the idea that Datadog is a long-term SaaS winner with clear tailwinds from AI, the analyst tells investors in a research note.