In a report released today, Sanjit Singh from Morgan Stanley maintained a Buy rating on Datadog, with a price target of $180.00.
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Sanjit Singh has given his Buy rating due to a combination of factors tied to Datadog’s accelerating growth and supportive setup into upcoming earnings. He expects the company to post roughly 30% year‑over‑year revenue expansion in the first quarter, outpacing consensus, and to raise guidance for both the second quarter and full-year 2026, signaling durable momentum despite the stock’s premium valuation.
Singh also points to improving channel feedback, with healthier pipelines, stronger generative AI–driven workloads moving into production, and better traction among large enterprises adopting multiple Datadog products. With the shares having pulled back recently and investor positioning more cautious, he views the risk‑reward as attractive if the company delivers on these growth and execution expectations.
According to TipRanks, Singh is an analyst with an average return of -0.5% and a 44.93% success rate. Singh covers the Technology sector, focusing on stocks such as Snowflake, MongoDB, and Datadog.
In another report released on April 14, Mizuho Securities also maintained a Buy rating on the stock with a $145.00 price target.