Bernstein Upgrades Datadog to Outperform Amid Strong AI-Driven Demand
Bernstein Société Générale Group upgraded Datadog (DDOG) from Market Perform to Outperform, citing stronger-than-expected demand driven by artificial intelligence. The firm also raised its price target for the stock to $350 from $237. In response, Datadog shares rose 4% during pre-market trading on Monday. The upgrade reflects growing confidence in Datadog's ability to capitalize on AI adoption trends across enterprise environments. Bernstein highlighted that increased demand is helping accelerate growth and justify a higher valuation for the company.
Tickers: $DDOG
Topics: AI demand price target change stock upgrade
Read the full article at Seeking Alpha
Part of the story Bernstein Upgrades Datadog to Outperform Amid Strong AI-Driven Demand (2 articles)