Analyst cites durable AI-driven demand and stronger enterprise adoption as key drivers for the upgrade and higher target.
Truist analyst Miller Jump upgraded Datadog (DDOG) to Buy from Hold and raised the price target to $300 from $190. The move reflects expectations for sustained AI-driven growth and improved stability with frontier lab customers, despite ongoing AI consumption concerns.
Recent weeks saw multiple price target increases for Datadog. BMO Capital lifted its target to $260 from $220 on June 12, while Benchmark raised its target to $260 from $230 on June 11 following the company’s DASH 2026 conference. Analysts highlighted positive feedback from customers and partners during the event.
At DASH 2026, Datadog unveiled over 100 new capabilities, including Bits AI and enhanced log management and security tools, aimed at supporting AI and security complexity management for enterprises.