Bernstein raises target to USD 350: Datadog stock falls 1.61 percent at Xetra comparison level

Published on 10/21/2026 at 12:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bernstein lifted its target to USD 350 from USD 237. Datadog stock costs EUR 228.75 on October 21, 2026, 1.61 percent below Xetra close.

Analyst upgrade and earnings test

Bernstein upgraded Datadog to Outperform and raised its target to USD 350 on October 19, 2026.
Second-quarter revenue reached USD 1.12 billion, up 35.60 percent year over year.
Datadog stock trades at EUR 228.75 at 11:54 a.m. CEST at Lang & Schwarz on October 21, 2026, 1.61 percent below the Xetra close of October 20, 2026.
Third-quarter results are scheduled for November 4, 2026, before the US market opens.

Datadog, US23804L1035, Illustration mit AI erstellt.

Datadog (US23804L1035) trades at EUR 228.75 at Lang & Schwarz on October 21, 2026 at 11:54 a.m. CEST, down 1.61 percent versus the Xetra close of October 20, 2026 at EUR 232.50. Bernstein upgraded Datadog from Market Perform to Outperform and raised its price target from USD 237 to USD 350 on October 19, 2026, as CNBC reported.

Bernstein resets the growth debate

The upgrade puts artificial intelligence demand at the center of Datadog's valuation case. Bernstein cited its Born in AI customer base, while the new target is USD 113 higher than the previous target, a 47.68 percent increase, according to CNBC.

Datadog's second-quarter 2026 revenue was USD 1.12 billion, up 35.60 percent year over year, while customers generating at least USD 100,000 in annual recurring revenue rose 23.00 percent to about 4,720, Yahoo Finance reported on October 20, 2026.

Three milestones frame the setup

Datadog reported second-quarter results on August 6, 2026, with revenue of USD 1.12 billion and adjusted earnings per share of USD 0.65. On October 14, 2026, the company announced that its third-quarter fiscal 2026 earnings call would take place on November 4, 2026. Bernstein then changed its rating and target on October 19, 2026, making the upgrade the latest event in the sequence.

What does the upgrade demand?

The answer is measurable growth in the next report. Datadog's third-quarter 2026 guidance calls for revenue of USD 1.135 billion to USD 1.145 billion and non-GAAP operating income of USD 260 million to USD 270 million, according to Yahoo Finance. The midpoint revenue guide is USD 1.14 billion, so the November report will test whether AI-linked usage can sustain the current growth rate.

Next reporting date

Datadog is scheduled to release third-quarter fiscal 2026 results before the US market opens on November 4, 2026, according to the Datadog investor relations page.

Valuation leaves little room

The primary listing is Nasdaq, where Datadog's stock closed at USD 256.43 on October 20, 2026. Its 52-week range was USD 98.01 to USD 300.68 on that date, and the market capitalization was USD 92.1 billion. The gap between the new USD 350 target and the current US close is a separate currency comparison from the euro quotation.

Datadog stock was trading at EUR 228.75 at Lang & Schwarz on October 21, 2026 at 11:54 a.m. CEST, 1.61 percent below the Xetra close of October 20, 2026 at EUR 232.50. The further course of trading is shown by the continuously updated real-time quote of Datadog stock.