Datadog (DDOG) PT Lifted to $170 on AI-Driven Usage Growth

Datadog, Inc. (NASDAQ:DDOG) is one of the Hot AI Stocks on Wall Street’s Radar. On August 7,  DA Davidson analyst Gil Luria raised the price target on the stock to $170.00 (from $160.00) while maintaining a Buy rating.

The firm continues to highlight Datadog as a top pick, with the rating affirmation following Datadog’s “ strong beat and raise” quarter.

The New-York based company reported better-than-expected  usage growth due to AI native activity and normal growth from other business segments.

Its overall growth outlook has improved as well. Its September quarter sales guidance came in well above expectations while 2025 revenue guidance was also raised.

“The overall growth outlook improved and Datadog is doubling down on product investments where it is seeing good traction. Datadog’s favorable positioning for growth this year is unchanged in our view after results. We continue to highlight DDOG as a top pick. We reiterate our BUY rating and raise our price target to $170.”

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