Shares of Datadog Inc (NASDAQ:DDOG) rallied in early trading on Thursday after the company reported upbeat first-quarter results.

Here are the key analyst insights:

Guggenheim Securities analyst Howard Ma maintained a Buy rating, while raising the price target from $175 to $225.

KeyBanc Capital Markets analyst Eric Heath reiterated an Overweight rating, while lifting the price target from $155 to $225.

Needham analyst Mike Cikos reaffirmed a Buy rating, while taking the price target higher from $155 to $225.

Rosenblatt Securities analyst Blair Abernethy maintained a Buy rating, while raising the price target from $178 to $220.

Check out other analyst stock ratings.

Guggenheim Securities: Datadog's total revenues grew 32% year-on-year to $1.006 billion. They topped the consensus of $960 million, with management citing "broad-based strength.” Ma estimates total AI-native revenue at $133 million for the quarter, including around $88 million from OpenAI, up more than 90% year-on-year, and $45 million from other AI natives, up 240%.

Datadog reported record sequential ARR addition, with management reporting a seven-figure and an eight-figure annualized AI deal with two of the world’s largest technology companies, the analyst stated. "We see Datadog ultimately growing 31% this year, including at least ...