Cantor Fitzgerald Raises PT on Datadog, Inc. (DDOG) Following Strong Q2 Results

Datadog, Inc. (NASDAQ:DDOG) is one of the 14 Best IT Stocks to Buy for the Long Term.

Cantor Fitzgerald Raises PT on Datadog, Inc. (DDOG) Following Strong Q2 Results

A futuristic datacenter with servers and high-tech equipment, signifying the company’s cutting-edge digital technology.

On August 8, 2025, Cantor Fitzgerald raised its price target on Datadog, Inc. (NASDAQ:DDOG) from $171 to $179, maintaining an ‘Overweight’ rating, driven by the company’s strong Q2 results.

Datadog, Inc. (NASDAQ:DDOG) eased concerns related to potential in-sourcing by its largest AI native customer, which contributes about 6.5% of quarterly revenue, thanks to a 25.5% YoY revenue growth. Following the Q4 2024 contract renewal, the company demonstrated resilience in its AI native segment. Its higher second-half guidance further bolstered the analysts’ confidence. Even after excluding the largest customer, the company’s revenue growth remains steady despite a cautious stance among enterprises.

Thus, the analyst believes Datadog, Inc. (NASDAQ:DDOG) is well-positioned to capitalize on both AI-native expansion and broader enterprise adoption.

With its observability and security platform for cloud applications, Datadog, Inc. (NASDAQ:DDOG) provides monitoring, data observability, security, automation, and AI visibility tools globally. It is one of the best IT stocks.

While we acknowledge the potential of DDOG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DDOG and that has 100x upside potential, check out our report about this cheapest AI stock.

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