Wall Street Says Datadog (DDOG) Is One of Two Key Winners in Observability

Datadog, Inc. (NASDAQ:DDOG) is one of the AI Stocks Gaining Attention on Wall Street. On August 5, DA Davidson analyst Gil Luria raised the price target on the stock to $160.00 (from $125.00) while maintaining a “Buy” rating. The rating affirmation is based on the firm’s strong observability demand.

According to the research firm, proprietary developer datasets demonstrate significant growth in usage and strong quarterly demand for Datadog’s services.

Checks further reveal how observability has become a “two-horse race,” and that Datadog is clearly positioned as one of the market leaders.

“We provide our updated thoughts on DDOG based on analysis from our proprietary developer datasets which showed significant growth in usage suggesting a strong quarter in terms of demand. Checks with the DEN and key industry players emphasized Observability as a two-horse race with Datadog clearly one of the winners."

"Overall, we continue to look past the narrative around OpenAI and view the company as well positioned for growth and a benefactor in the rotation from AI hardware to AI software infrastructure. Reiterate BUY rating. PT to $160 from $125.”

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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