Bernstein upgrades Datadog to Outperform and lifts price target to $350
+2 new sources since this summary was written
Bernstein SocGen Group raised its rating on Datadog (DDOG) from Market Perform to Outperform and increased its price target to $350, up from $237. The upgrade was driven by stronger‑than‑expected AI‑driven demand and faster growth in enterprise AI token consumption. Following the note, Datadog shares jumped between 3.6% and 5% in pre‑market trading.
Why it matters
The higher price target and upgraded rating signal analysts’ confidence in Datadog’s near‑term revenue growth, which could support a further share‑price rise. The upgrade also coincides with the company’s Q2 2026 results showing 35.6% revenue growth and an expanded full‑year revenue outlook of $4.45‑$4.47 billion.
Key facts
- 1Bernstein upgraded Datadog to Outperform from Market Perform. investing.com
- 2Bernstein raised its price target to $350.00 from $237.00. investing.com
- 3Datadog shares rose 3.6% in pre‑market trading after the upgrade. investing.com
- 4Datadog reported Q2 2026 revenue of $1.12 billion, up 35.6% YoY. 247wallst.com
- 5Datadog posted non‑GAAP EPS of $0.65 for Q2 2026. 247wallst.com
- 6Management raised full‑year 2026 revenue guidance to $4.45 billion‑$4.47 billion. 247wallst.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.