Evercore ISI raises Datadog stock price target to $300 on momentum

Evercore ISI has raised its price target for Datadog stock (NASDAQ:DDOG) to $300 from an undisclosed prior level, maintaining an Outperform rating. The firm highlighted strong business momentum based on discussions with large partners and customers. Despite a recent 16% decline in the stock price, Datadog has seen a 67% increase over the past six months.

The research firm expects the company to deliver revenue growth of approximately 33% to 34% in the fiscal second quarter, with AI Observability, Bits AI, and the MCP server appearing more frequently in deals.

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