Latest Analyst Views on Coatue’s Favorite 33 AI Stocks

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17. Datadog, Inc. (NASDAQ:DDOG)

Number of Hedge Fund Holders: 83 

BMO Capital recently lowered the price target on Datadog, Inc. (NASDAQ:DDOG) to $130 from $152 and kept an Outperform rating on the shares. DDOG provides a monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company reported a mostly solid March quarter, highlighted by a roughly 3% beat to the firm’s and Wall Street’s consensus estimates and strong AI Native contribution to ARR, the analyst tells investors in a research note. The advisory added that, consistent with its past writings, demand metrics have greater stock/multiple impact than margin and, given the weaker macro backdrop and compressed software valuations, it is lowering its price target.

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