Jefferies Financial Group raised its price objective on Datadog to $170 from $160 on Tuesday and kept a buy rating on the cloud software company's stock. The new target points to a potential upside of 16.49% from the current price.
Datadog shares opened at $145.94 on Tuesday, leaving the stock below the latest target even after a strong run that pushed its market capitalization to $51.46 billion. The move from Jefferies adds another bullish call to a stock that has become one of the more closely watched names in software trading.
The latest target change did not come in isolation. Citizens JMP reissued a market perform rating on Wednesday, February 11th, while Sanford C. Bernstein cut its price objective to $167 from $180 and kept an outperform rating on Wednesday, April 22nd. DA Davidson also reissued a buy rating on Monday and set a $225 target, while Weiss Ratings restated a sell rating on Monday, April 20th. BNP Paribas Exane had earlier trimmed its target to $175 from $210 and kept an outperform rating on Thursday, January 15th.
Across the analyst community, Datadog now carries one Strong Buy rating, 38 Buy ratings, three Hold ratings and two Sell ratings. That leaves the stock with an average rating of Moderate Buy and a consensus price target of $177.28, according to MarketBeat data.
The Wall Street debate sits on top of a quarter that gave bulls fresh ammunition. Datadog reported earnings of 0.59 EPS on Tuesday, February 10th, beating the consensus estimate of $0.55 by $0.04. Revenue for the quarter came in at $953.19 million, above the $916.53 million forecast, and sales rose 29.2% from a year earlier. The company also set FY 2026 guidance at 2.080 to 2.160 EPS and Q1 2026 guidance at 0.490 to 0.510 EPS.
There is also a sign that not everyone around the company is just buying into the story. Director Amit Agarwal sold 20,000 shares on Monday, April 27th at an average price of $131.47, for total proceeds of $2,629,400.00. After the sale, he directly owned 1,640 shares valued at about $215,610.80. For investors watching Ddog stock, the answer is clear enough for now: analysts are still leaning positive, but the gap between the strongest targets and the current share price shows the market is still deciding how much of Datadog's growth story is already priced in.