From TokenPost · · 40s
Bernstein Upgrades Datadog to Outperform
Bernstein raises Datadog's price target to $350 after AI demand surge.
In brief
Bernstein raises Datadog's price target to $350 after AI demand surge. Bernstein upgraded Datadog from Market Perform to Outperform with a $350 price target after noting stronger-than-expected AI demand. Originally reported by TokenPost.
Bernstein Upgrades Datadog
Bernstein moved Datadog from Market Perform to Outperform and raised its price target to $350 from $237.
AI Demand Boosts Shares
Datadog shares rose about 4% before the U.S. market opened Monday after Bernstein upgraded the software company.
AI Labs Drive Demand
Bernstein signals possible increase in token use among large AI labs and consumer AI agents as potential demand sources for observability tools.
The headline
Bernstein upgraded Datadog from Market Perform to Outperform with a $350 price target after noting stronger-than-expected AI demand.
