🟢 DDOG shares rise 4.1% after achieving key FedRAMP High certification

Datadog (DDOG) shares are trading up 4.1% at $231.01 in after-hours trading after the company announced a significant government-related milestone.

• FedRAMP High Certification: The company announced that its "Datadog for Government" platform has achieved Federal Risk and Authorization Management Program (FedRAMP) High certification. This allows Datadog to be used by U.S. government agencies and contractors for highly sensitive federal data.
• Analyst Confidence: Separately, Bank of America raised its price target on Datadog to $260 from $225, maintaining a Buy rating and citing continued demand for the company's platforms.
• Market Context: The move comes amid a mixed broader market, with the S&P 500 and Nasdaq Composite both closing up approximately 0.11%.