Datadog (DDOG) is highlighted as a top pick by Virtus’s Terranova, with Wedbush issuing an Outperform rating and a $275 target, lifting DDOG 6.6% to $245.05. The note appears alongside other analyst mentions on CNBC’s Final Trades, signaling renewed conviction in software/data-analytics names. If momentum persists, DDOG could retest the $275 target in the near term.
Datadog is highlighted as a near-surface idea amid rising cybersecurity and software demand. DDOG has surged 72% YTD but sits below prior highs, suggesting potential volatility around earnings. The upcoming quarter could calibrate demand for its security and observability products amid broader AI security concerns.
Datadog shares rose on sympathy with Snowflake's robust Q2 results and AI-driven growth momentum. Snowflake posted $1.55B in revenue and $0.62 per-share despite estimates for $1.48B and $0.45, fueling optimism for AI infrastructure spending. DDOG could extend gains if the AI spending cycle remains supportive and Snowflake maintains momentum.
Snowflake's Q2 beat, with revenue of $1.55B and EPS of $0.62, spurred AI data-cloud optimism and sent its stock higher by over 22%. Datadog, which recently beat Q2 estimates and raised full-year guidance on AI demand, rose about 4.8% after hours in sympathy with Snowflake's rally.
Datadog posted strong Q2 results with 36% revenue growth and raised full-year guidance, highlighting durable demand for cloud monitoring. The stock fell sharply as investors booked profits after a steep rally and lofty expectations, implying near-term volatility despite solid fundamentals. Focus remains on margin expansion, customer growth, and monetization trajectory.
U.S. stock futures were higher, with Nasdaq 100 futures up about 1%, but Datadog weakened in pre-market trading after a Bernstein downgrade. The firm cut DDOG to Market Perform and lifted its price target to $226. The stock slid about 2.8% to $253, signaling near-term pressure even as a higher target keeps potential upside on the table.