UBS Upgrades Datadog (DDOG) to Buy

UBS analyst Karl Keirstead upgraded Datadog (NASDAQ: DDOG) from Neutral to Buy with a price target of $150.00 (from $125.00).

The analyst comments: "We are upgrading Datadog shares to a Buy from a Neutral post our latest industry checks that point to green-shoots of a potential 2H spending improvement as well as potential strong medium-term growth for the AWS/Azure cloud infrastructure sector. We believe these trends could help Datadog maintain or even modestly accelerate its mid-20% growth rate in the coming quarters. While Datadog shares aren’t cheap at 10x 2026e revs and 34x 2026e FCF, in our view, there is upside if/as 2025/26 revs growth estimates move up to the 25-30% range from 25-26% today (UBSe ~200bps higher vs cons.)."

For an analyst ratings summary and ratings history on Datadog click here. For more ratings news on Datadog click here.

Shares of Datadog closed at $126.00 yesterday.

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