Datadog, Inc. (NASDAQ:DDOG) is one the Top 10 AI Stocks in Focus on Wall Street. On February 17, DA Davidson analyst Gil Luria reiterated a Buy rating on the stock with a $225.00 price target. The firm cited clarity following Investor Day, reinforcing the stock as a “Top Pick” for the year.
DA Davidson attended Datadog’s investor day in New York City, citing improved confidence in the company’s strategy. Management provided clarity into how Datadog’s platform may evolve, it said, and how it will fit in a future world of autonomous observability.
The company event provided additional details on DDOG’s AI roadmap and pointed to potential growth opportunities linked to agentic use cases. It also discussed a few key ARR disclosures related to Security customers and AI use cases.
Moreover, DDOG also reiterated its financial targets at the event, the firm noted.
Datadog remains a top pick for the year. We reiterate our BUY rating and price target of $225.
Datadog, Inc. (NASDAQ:DDOG) offers a cloud-based SaaS platform for monitoring and analytics, specializing in cloud computing and AI-powered cybersecurity products.
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Disclosure: None. This article is originally published at Insider Monkey.
