Truist Securities Reiterates Buy Rating on Datadog (DDOG)
Truist Securities analyst Joel Fishbein Jr. reiterated a Buy rating and $155.00 price target on Datadog (NASDAQ: DDOG).
The analyst comments "DDOG delivered 3Q24 results with upside to expectations with tailwinds from rapid growth in their AI native cohort. However, continued conservatism in their guidance methodology and uncertainty around the scaling/volatility in the AI cohort led to a pass through rather than raise to their top line outlook for the year. The company continues to showcase a broadening of contributors to the growth story across their 23 modules. We increase our estimates and reiterate our Buy rating and price target."
For an analyst ratings summary and ratings history on Datadog click here. For more ratings news on Datadog click here.
Shares of Datadog closed at $128.35 yesterday.