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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
UBS has upgraded Datadog's stock from Neutral to Buy, raising the price target to $150, citing potential revenue growth driven by a rebound in cloud spending. Analysts from BofA Securities and DA Davidson also express confidence in Datadog's growth, supported by strong customer demand and strategic focus on AI integration. The company's robust financial metrics, including a 26.18% revenue growth and an impressive gross profit margin of 81.57%, further bolster its positive outlook.
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11:54 18.10.2024
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