Bernstein raises Datadog target to USD 350 for Datadog stock

Published on 10/20/2026 at 11:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Datadog stock costs EUR 232.25 on October 20, 2026, minus 1.59 percent versus the Xetra close. Results are due November 4, 2026.

AI demand resets analyst view

Bernstein raised its Datadog target from USD 237.00 to USD 350.00 on October 19, 2026.
Second-quarter revenue reached USD 1.12 billion, according to reported results dated August 6, 2026.
Datadog stock trades at EUR 232.25 at 11:40 a.m. CEST at Lang & Schwarz on October 20, 2026, 1.59 percent below the Xetra close of October 19, 2026.
Third-quarter results are scheduled for November 4, 2026.

Datadog, US23804L1035, Illustration mit AI erstellt.

Datadog (ISIN US23804L1035) was trading at EUR 232.25 at Lang & Schwarz on October 20, 2026, 1.59 percent below the Xetra close of October 19, 2026. The market catalyst was Investing.com's report on October 19, 2026 that Bernstein upgraded Datadog from Market Perform to Outperform and lifted its price target from USD 237.00 to USD 350.00.

Bernstein reverses its AI view

The upgrade reflects a sharper reading of AI-linked demand. Bernstein said enterprise token consumption among the largest AI laboratories had grown at least 50.00 percent quarter over quarter, while it also identified competition from open-source tools and internal systems as a downside risk.

Investing.com reported that Bernstein had previously worried about a USD 100.00 million annual recurring revenue reduction at Datadog's largest AI-native customer and about weakness among traditional customers.

What does the target mean?

The target reset matters because Datadog entered the latest debate with substantial operating momentum. Seeking Alpha reported second-quarter 2026 revenue of USD 1.12 billion, a USD 43.16 million beat against expectations, and adjusted earnings per share of USD 0.65.

Three dated Datadog milestones

On August 6, 2026, Datadog reported second-quarter revenue of USD 1.12 billion through its earnings materials. On October 12, 2026, Jefferies raised its target from USD 260.00 to USD 300.00 while keeping a Hold rating, according to Aktiencheck. On October 19, 2026, Bernstein raised its target from USD 237.00 to USD 350.00, according to Investing.com.

Next reporting date

Datadog's next earnings conference call is scheduled for November 4, 2026, at 8:00 a.m. ET, according to the company's investor-relations calendar. That report will test whether AI-native customer demand can offset the customer concentration risk highlighted in the analyst debate.

Stock remains below its October high

Datadog's primary listing is on Nasdaq, where the finance quote showed a market capitalization of USD 93.5 billion and a 52-week range of USD 98.01 to USD 300.68 as of October 19, 2026. The range places the stock below its yearly peak even as the new Bernstein target points to a more optimistic AI demand case.

Datadog was trading at EUR 232.25 at Lang & Schwarz on October 20, 2026 at 11:40 a.m. CEST, minus 1.59 percent versus the Xetra close of October 19, 2026 at EUR 236.00. The further course of trading is shown by the continuously updated real-time quote of Datadog stock.