DDOG - Datadog Poised To Exceed Expectations Over Long-Term Says Piper Sandler Analyst | Benzinga
Piper Sandler analyst Rob D. Owens upgraded Datadog Inc (NASDAQ: DDOG) to Overweight from Neutral rating at an increased price target of $115 from $88.
The analyst sees signs of stabilizing infrastructure and DevOps software demand along with incremental opportunities related to security and AI, which is expected to benefit DDOG in the coming years.
Notably, the analyst is pleased with the company's acceleration in security products (>5K cloud security customers, 79 $100K+ security customers) ...