Baird raised the firm’s price target on Datadog to $120 from $103 and keeps a Neutral rating on the shares. The firm previewed its results where they expect solid upside to prior Q4 guidance, though the bigger focus will be initial 2024 guidance given solid recent results at the hyperscalers.
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Read More on DDOG:
- Datadog names Sara Varni as new Chief Marketing Officer
- Needham software infrastructure analyst to hold analyst/industry conference call
- DA Davidson software/cloud analysts hold analyst/industry conference call
- Datadog price target raised to $145 from $140 at Jefferies
- DA Davidson Data and AI analysts hold analyst/industry conference call
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