Datadog price target raised to $157 from $150 at Citi

Citi raised the firm’s price target on Datadog (DDOG) to $157 from $150 and keeps a Buy rating on the shares. The company’s Q3 report showcases its “enviable profitable-growth-at-scale and capital efficiency,” the analyst tells investors in a research note. The firm continues to remain bullish on Datadog’s market and wallet share gain runway against a “benign competitive backdrop and building appetite for consolidation.”