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RBC raised its Datadog price target to $320 from $280 and maintained an Outperform rating. It lifted its third-quarter revenue growth forecast to 34%–35% from 28.7%. Datadog shares fell 1.30% as of 10:45 a.m. ET.
RBC Capital maintained its Outperform rating on Datadog.
RBC Capital increases Datadog stock price target due to cloud growth. This move reflects optimism about the company's prospects.