DA Davidson has reiterated a Buy rating and $250 price target on Datadog (NASDAQ:DDOG). The stock trades at $224.45, up 88.5% over the past year.
The firm hosted Datadog CFO David Obstler and Head of IR Yuka Broderick at an investor lunch in New York.
DA Davidson expressed increased confidence in Datadog as an AI winner with long-term tailwinds. 37 analysts have revised earnings upwards for the upcoming period.
Datadog is well positioned in the agentic landscape, investing heavily to expand its platform and seeing many products ahead.
DA Davidson views Datadog as a top pick for the year. However, the stock is currently overvalued relative to its Fair Value.
