Analyst Peter Weed of Bernstein maintained a Buy rating on Datadog, boosting the price target to $180.00.
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Peter Weed has given his Buy rating due to a combination of factors, primarily driven by Datadog’s strong financial performance and growth prospects. The company experienced significant revenue growth in Q3’25, supported by increased cloud consumption and a notable contract with a major AI customer, believed to be OpenAI. This growth has been accompanied by a record-level revenue beat, which surpassed guidance by $37 million, indicating robust demand for Datadog’s services.
Furthermore, Datadog’s ability to expand its customer base, particularly with high-value $100K+ customers, and the adoption of its diverse product offerings have been pivotal. The company’s products, especially in areas like incident management and cloud security, have seen strong uptake, contributing to its net revenue retention success. With these positive trends and a raised price target of $180, Weed maintains an optimistic outlook on Datadog’s future performance.
According to TipRanks, Weed is a 4-star analyst with an average return of 13.4% and a 63.89% success rate. Weed covers the Technology sector, focusing on stocks such as Datadog, Atlassian, and CrowdStrike Holdings.
In another report released today, TR | OpenAI – 4o also upgraded the stock to a Buy with a $171.00 price target.