Bank of America lifts Datadog price target to $335
Bank of America analyst Koji Ikeda raised his price target on Datadog to $335 from $305 and kept a buy rating. He estimates the company's revenue growth for the third quarter of fiscal 2026 at 28.7%, slightly below the consensus of 29.1%. Datadog is scheduled to report its third-quarter results on 04 Nov. Ikeda cites AI as a tailwind for infrastructure software demand and an expanding observability market, while flagging concentration risk tied to large customers.
Key facts
- TipRanks ranks analysts on past performance and lists Datadog as a top pick.
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Why it matters
A major brokerage raising its target ahead of earnings signals analyst confidence in Datadog's growth outlook.
What changed
First published from CNBC