Datadog’s (DDOG) stock experienced a 3% rise in premarket trading on Tuesday following an upgrade from Wells Fargo. The firm upgraded the stock to Overweight from Equal Weight, citing the belief that cost optimization is reaching its end and Datadog has several growth drivers for FY24. These drivers include vendor consolidation, security cross-sell, and Gen AI. Wells Fargo raised its price target on DDOG to $150 from $130.