Datadog shares gain 7.3% after Bernstein upgrades rating and lifts target to $350
Bernstein upgraded Datadog to Outperform and lifted its price target to $350, sending the shares up over 7% on hopes for AI-driven growth.
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what happened
Shares of Datadog, a cloud monitoring software provider, rose 7.32% to $265.19 at about 11:54 a.m. EST on October 19 after Bernstein upgraded the stock. According to Investing.com, cited by GuruFocus, the bank moved the shares from Market Perform to Outperform and increased its target from $237 to $350, pointing to stronger AI demand as the main reason.
Second-quarter revenue grew 36% to $1.12 billion, and customers paying at least $100,000 in annual recurring revenue rose about 23% to 4,720. The company also introduced Bits Agent Builder, a tool for creating custom AI agents. Third-quarter guidance points to revenue of $1.135 billion to $1.145 billion and non-GAAP operating income of $260 million to $270 million, roughly a 23.2% operating margin at the midpoints.
why it matters
The higher target raises the bar: the shares trade 28.21% above GuruFocus's GF Value estimate of $206.84, so the next earnings report will test both revenue growth and profitability.
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- Datadog Stocks Rise 7.32% as Bernstein's $350 Target Raises the Earnings Stakes — gurufocus.com, 20 October 2026 at 16:54 UTC
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