Truist Upgrades Datadog (DDOG) to Buy from Neutral

Datadog, Inc. (NASDAQ:DDOG) is one of the 8 Best Generative AI Software Stocks to Buy in June 2026. On June 15, Truist analyst Miller Jump upgraded Datadog’s rating to Buy from Hold while raising its price target to $300 from $190, according to a report by Investing.com.

The analyst attributed the upgraded rating and price target to the company’s potential for durable AI-driven growth as well as improved stability of the firm’s relationships with frontier lab customers.

“Despite increased awareness around AI consumption, we believe urgency of AI adoption in the enterprise is significantly outweighing the urgency to optimize AI, and customers remain early in their agentic journeys,” Jump was quoted saying in the report.

Several analysts recently raised their price targets on Datadog, such as BMO Capital, which increased its price target on Datadog on June 12 to $260 from $220 while maintaining an outperform rating on the shares.

Earlier on June 11, Benchmark increased the firm’s price target on Datadog to $260 from $230 and maintained a Buy rating on the shares after following the company’s DASH 2026 conference in New York City. The analyst cited the company’s efforts to conduct on-the-ground checks and solicit feedback from customers and partners as a positive development.

At its DASH conference on June 9, DataDog launched 100 plus capabilities to support customers in driving autonomy and managing growing AI and security complexities. These include the new Bits AI, log management, and security capabilities.

Datadog, Inc. (NASDAQ:DDOG) is an observability and security platform for the AI era. It brings applications, infrastructure, data, models, and security into one place, using AI to detect and resolve issues before they impact customers.

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