Scotiabank lowered the firm’s price target on Datadog (DDOG) to $125 from $155 and keeps an Outperform rating on the shares. The firm loves the company’s leadership in cloud-native monitoring, its end-to-end solution across the three pillars of observability, and the trend of market consolidation, the analyst tells investors. If macro headline risks stabilize, the firm believe the Datadog should be “one of the stocks to rush back into.”
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