Datadog price target raised to $220 from $178 at Rosenblatt

Rosenblatt analyst Blair Abernethy raised the firm’s price target on Datadog (DDOG) to $220 from $178 and keeps a Buy rating on the shares. Datadog delivered a strong quarter with 32% revenue growth, its largest beat in nearly four years, driven by cloud migration, AI workload monitoring, and digital transformation trends alongside customer expansion, while bookings also grew robustly and operating margins remained healthy; momentum into April supports a stronger-than-expected Q2 outlook, though FY26 guidance remains conservative at 25%-27% growth, implying a potential moderation in growth in the second half, the analyst tells investors in a research note.