Datadog, Inc. (NASDAQ:DDOG) is one of the 10 AI Stocks Making Waves on Wall Street.On August 8, Bernstein SocGen Group analyst Peter Weed raised the price target on the stock to $147.00 (from $145.00) while maintaining an Outperform rating.
According to the firm, Datadog’s Q2 on first blush was a blowout, with the beat reflecting another outperformance by their Born-in-AI cohort.
“Datadog’s Q2’25 on first blush was a blowout, with the largest $ beat vs. midpoint guide ever, even besting the frothy Q4’21 earnings at the height of COVID cloud consumption mania. Even on a % basis it was the largest beat since 2022. ”
A business person pointing to a graph displaying a company’s projected EBITDA growth.
“And management didn’t stop there, passing through more than 2x to the FY guide (their largest midpoint raise ever). This beat reflected another outperformance by their Born-in-AI cohort, which grew to 11% of revenue (vs. 8% in Q1) and drove +10% point tailwinds to growth (vs. 6% in Q1)… but it is exactly this source of out-performance that we believe led to the stock down for the day”.
Datadog, Inc. offers a cloud-based SaaS platform for monitoring and analytics, specializing in cloud computing and AI-powered cybersecurity products.
