Datadog, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Fatima Boolani from Citi reiterated a Buy rating on the stock and has a $175.00 price target.
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Fatima Boolani has given his Buy rating due to a combination of factors tied to Datadog’s strong growth profile and positioning in next‑generation IT architectures. She highlights that revenue is accelerating, including in non‑AI-native segments, while robust RPO and cRPO trends underscore Datadog’s role as a central observability platform for both traditional and cutting‑edge enterprises.
Boolani also points to a surge in large deals, including rapid growth in $100K+ ARR customers, record net new $1M+ accounts, and several very large, long‑term contracts, all of which reinforce Datadog’s strategic relevance in AI-powered environments. Combined with solid operating and free cash flow leverage and what she views as conservative guidance that leaves room for upward estimate revisions, she concludes that the stock offers an attractive risk/reward profile, supporting her $175 price target and Buy recommendation.
In another report released today, CMB International Securities also maintained a Buy rating on the stock with a $196.90 price target.