Datadog price target raised to $130 from $95 at Wells Fargo

Wells Fargo raised the firm’s price target on Datadog to $130 from $95 and keeps an Overweight rating on the shares. The firm believes cloud cost optimization trends have already started to moderate, which should serve as a modest tailwind for Datadog. Moreover, the company is arguably the best-positioned vendor for monitoring AI workloads. Wells argues.