Datadog initiated with a Buy at Benchmark

Benchmark initiated coverage of Datadog (DDOG) with a Buy rating and $150 price target The company’s AI-powered, unified real-time observability and security platform is well positioned to benefit from digital transformation, cloud migration, and agentic AI adoption, the analyst tells investors in a research note. As a top infrastructure pick, Datadog meets key SaaS investment criteria, including strong technology leadership, high AI defensibility, a $400B+ total addressable market, consistent profitable growth with beat-and-raise execution, Rule of 45+ targets, and supportive technical trends, the firm says.