On September 3, Datadog rose 5.37% in regular trading, trading at 214.55 USD/share, with turnover of approximately $108 million.
On the news front, Morgan Stanley upgraded peer Dynatrace from Equal-Weight to Overweight with a price target raised from $58 to $65, citing confidence in monetization opportunities within the observability space as AI investment enters its second phase. The upgrade triggered a broad rally across the observability sector, with Datadog benefiting from clear sector linkage effects.
Fundamentally, Datadog reported Q2 revenue of approximately $1.12 billion, up about 36% year-over-year and above market expectations. Non-GAAP EPS came in at $0.65, representing 41% year-over-year growth. The company also raised its Q3 and full-year guidance above consensus, projecting Q3 revenue of $1.135 billion to $1.145 billion versus the $1.11 billion estimate. Multiple analysts maintain Buy ratings on the stock, with Daiwa Securities recently raising its price target to $300 and the average analyst target standing near $287.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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