Bernstein Raises Datadog (DDOG) Price Target to $350
Key Points
- Bernstein raised its price target on Datadog, Inc. to $350 from $237 on October 19, 2026, while keeping an Outperform rating.
- Bernstein's $350 price target implies 41.64% upside from Datadog, Inc.'s ($DDOG) current $247.11 share price.
- Datadog recently traded around $247.11 as of October 19, 2026, sitting well above its 200-day moving average.
- Several insiders, including Chief Financial Officer David M. Obstler, completed stock transactions prior to the update.
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On October 19, 2026, Bernstein raised its price target on Datadog, Inc. (NASDAQ: DDOG) from $237.00 to $350.00, keeping an Outperform rating on the software maker. The update comes as the market evaluates the stock's positioning relative to Wall Street goals.
DDOG
Datadog, Inc.
Bernstein vs. the S&P 500
Hypothetical returns from Bernstein's disclosed trades, not real profit or advice. How we model this.
Bernstein's Call on Datadog
In its research note on October 19, 2026, Bernstein maintained its Outperform rating while lifting its target to $350.00 from $237.00. The new target sits notably higher than the stock's recent trading level.
Other Institutional Activity in Datadog
Jupiter Topco LLC grew its holdings by 3,471,761 shares, ending with 6,943,522 shares worth about $1,715,813,725. Jennison Associates LLC grew its holdings by 937,617 shares, ending with 6,860,657 shares worth about $1,695,336,955.
Datadog, Inc. Stock Down 8.3%
Datadog closed at $247.11 on October 16, 2026, and recently traded at $247.11 as of October 19, 2026. The stock trades above its 200-day moving average of $190.42.
$DDOG price target
Datadog, Inc. daily closes and this analyst's $350 target. Not advice.
Recent Earnings
Datadog posted trailing-twelve-month revenue of $3.97 billion and earnings of $0.50 per share. Its next earnings report is scheduled for November 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
15 target raises vs 2 cuts.
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EPS & revenue
EPS beat estimates by 15.9%. Revenue beat estimates by 2.6%.
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Profit surprise
EBITDA missed by 66 percent. Operating income missed by 71 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
15 target raises, 2 target cuts.
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Earnings quality
Operating margin up 2.4 points. Positive free cash flow.
Earnings Call Summary
Datadog had an outstanding quarter with revenue of $1.006 billion, up 32 percent year over year and beating expectations. The company landed major deals with two of the world's largest artificial intelligence research teams and saw strong growth in non-artificial-intelligence customers as well, with net revenue retention around 120 percent. Management highlighted strong adoption of their artificial intelligence products like GPU monitoring and their security agents, which are helping customers monitor complex workloads faster and more efficiently.
Guidance Datadog raised full year revenue guidance to $4.3 billion to $4.34 billion, up from prior expectations. For next quarter they expect $1.07 billion to $1.08 billion in revenue. They are investing heavily in artificial intelligence products and expect continued strong growth driven by cloud migration and new AI training workloads at hyperscaler companies.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Insider Buying and Selling at Datadog, Inc.
Insiders completed several transactions prior to the Bernstein update. General Counsel Kerry Acocella disposed of 5,280 shares on September 14, 2026, with a total value of $1,208,328. Chief Financial Officer David M. Obstler disposed of 24,000 shares on September 14, 2026, valued at $5,459,447, and another 40,000 shares on the same date valued at $9,098,759. Obstler also disposed of 16,000 shares at a price of $241.25 on September 21, 2026, for a total value of $3,860,000.
Analysts Set New Price Targets
On October 9, 2026, CIBC maintained an Outperform rating with a price target of $315.00, moving from $280.00. RBC Capital kept an Outperform rating with a target of $320.00 on October 12, 2026, moving from $280.00. Barclays kept an Overweight rating with a target of $300.00 on October 13, 2026, moving from $290.00. Mizuho maintained an Outperform rating with a target of $330.00 on October 15, 2026, moving from $300.00. Overall, the stock holds a consensus strong buy rating with a mean price target of $290.38 across 47 analyst opinions.
About Datadog
Datadog, Inc. builds software applications that help companies monitor cloud infrastructure and security. Its platform provides visibility into server performance and application health for businesses worldwide.
Bottom Line
Investors will watch Datadog's upcoming earnings report on November 4, 2026, for further operational updates. Analyst updates and institutional filings continue to shape market expectations for the software provider.
Related Filing Alerts
Source: Bernstein's rating change on $DDOG (Oct 19, 2026). Written by software, not financial advice. How we make alerts