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Update: Wedbush Raises Price Target on Datadog to $260 From $220, Keeps Outperform Rating

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(Updated to include Wedbush commentary)

Wedbush raised its price target on Datadog (DDOG) to $260 from $220 following the company's DASH annual technical conference where it rolled out over 100 capabilities and innovative products for DevOps and Security.

Full-stack visibility and autonomy continue to become more important for observability and security, and the company's place in that intersection remains strong as it capitalizes on rapid AI development and demand, analysts led by Dan Ives wrote in a Wednesday note.

Datadog has an average rating of buy and mean price target of $232.21, according to analysts polled by FactSet.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Price: $227.08, Change: $-0.26, Percent Change: -0.11%

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