Bernstein raises target for Datadog stock to USD 350

Published on 10/23/2026 at 10:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bernstein lifted Datadog's target from USD 237 to USD 350. Datadog stock trades at EUR 229.75 on October 23, 2026, before November 4 results.

Analyst view and reporting date

Bernstein upgraded Datadog from Market Perform to Outperform and lifted its target from USD 237 to USD 350 on October 19, 2026.
Datadog reported USD 1.12 billion of second-quarter 2026 revenue, up 36 percent year over year.
Datadog stock traded at EUR 229.75 at 10:41 a.m. CEST at Lang & Schwarz on October 23, 2026.

Datadog, US23804L1035, Illustration mit AI erstellt.

Bernstein upgraded Datadog from Market Perform to Outperform and raised its price target from USD 237 to USD 350 on October 19, 2026, according to CNBC. Datadog stock was trading at EUR 229.75 at Lang & Schwarz on October 23, 2026 at 10:41 a.m. CEST.

AI demand drives the upgrade

Bernstein's change of view centers on Datadog's exposure to AI-native customers. The firm said enterprise token consumption among large AI labs appeared to have grown at least 50 percent quarter over quarter, while it also cited stronger demand for cloud monitoring.

The upgrade reverses Bernstein's earlier caution about a roughly USD 100 million reduction in annual recurring revenue from Datadog's largest AI-native customer and weakness among traditional customers. The downside debate therefore remains tied to customer concentration and the risk that larger clients bring monitoring capabilities in-house.

What does the upgrade change?

The new USD 350 target gives the analyst view a materially higher valuation marker than the former USD 237 target. Investing.com reported on October 19, 2026 that Bernstein also raised its near-term revenue growth expectations by about 7 percentage points.

Three dates frame the stock

Datadog's recent chronology starts with second-quarter results on August 6, 2026, when revenue reached USD 1.12 billion and grew 36 percent year over year. On October 14, 2026, the company announced its third-quarter reporting date. The October 19, 2026 Bernstein upgrade then set the latest external valuation marker. GlobeNewswire carried the company's earnings-date announcement and its second-quarter revenue figure.

The next scheduled date

Datadog is scheduled to report third-quarter fiscal year 2026 results before the U.S. market opens on November 4, 2026, followed by an earnings call at 8:00 a.m. Eastern Time. The report will test whether AI-related usage can support the growth case behind the higher target.

Price stays tied to the next report

For investors, the key tension is clear: Bernstein's USD 350 target reflects stronger AI demand, while the November 4 results must provide fresh evidence through revenue and guidance. Datadog stock was trading at EUR 229.75 at Lang & Schwarz on October 23, 2026 at 10:41 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Datadog stock.