Morgan Stanley raises PT for Datadog on continued growth

** Morgan Stanley raises PT on cloud security firm Datadog DDOG.O to $165 from $115, about 15.6% upside on stock's last close

** DDOG continues to innovate, grow and sustain growth - brokerage

** Morgan Stanley maintains "equal-weight" rating; says the company has positioned itself as the leading "observability platform" for the most modern cloud environments

** Thirty-six of 44 brokerages rate the stock "buy" or higher, eight rate "hold"; their median PT is $136, according to data compiled by LSEG

** Including session's moves, stock down about 2.3% YTD