Datadog (DDOG) PT Raised to $125 at DA Davidson

DA Davidson analyst Gil Luria raised the price target on Datadog (NASDAQ: DDOG) to $125.00 (from $115.00) while maintaining a Buy rating.

The analyst commented, "DDOG emerges as a top pick within our software coverage based on our companion deep dive into current observability trends. We address the bear case in detail, and conclude DDOG continues to have a multi-year ramp of 20-25% ahead. We acknowledge observability is a highly dynamic arena, but that is why we do the work, including these checks, as well as our proprietary developer data. We see the reports of a potential OpenAI headwind as a one-off occurrence that should not be extrapolated. We reiterate our BUY rating and raise our price target to $125 from $115."

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