Datadog, Inc. (NASDAQ:DDOG) has been among the top performers in May 2026 with impressive gains of more than 97%.
Most of these gains came in after the company posted strong results for fiscal Q1 2026, on May 7
Datadog, Inc. (NASDAQ:DDOG) is also among our Best Performing Stocks in May. During the quarter, the company posted $1.01 billion in revenue, ahead of the consensus of $959.95 million. The EPS of $0.6 also came in ahead of the expectations of $0.51.
CEO Olivier Pomel noted the 32% year-over-year revenue growth and more than $1 billion in revenue to be a significant milestone, driven by strong execution across customers of all sizes and industries adopting cloud-based, AI-enabled solutions. Management noted that customer growth remained healthy as the company had around 4,500 customers spending $100,000 or more annually, reflecting a 21% growth from a year ago. Recently, on May 29, RBC Capital raised the price target on the stock from $219 to $250 and maintained a Buy rating on the shares.