Guggenheim upgraded Datadog (DDOG) to Buy from Neutral with a $175 price target representing 50% potential upside. Channel checks indicate Datadog is a primary beneficiary of AI-driven growth in data volumes and IT complexity, the analyst tells investors in a research note. The firm believes Datadog has a sophisticated backend architecture that is a “deep moat” against competition and potential commoditization via large language models. Guggenheim sees Datadog growing revenue 27% in 2026.
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