Datadog (DDOG) Among the Best Performers of May 2026
Key takeaways
- Datadog (DDOG) Among the Best Performers of May 2026 Talha Qureshi Sun, June 7, 2026 at 12:17 AM GMT+7 2 min read DDOG Datadog, Inc.
- During the quarter, the company posted $1.01 billion in revenue, ahead of the consensus of $959.95 million.
- Recently, on May 29, RBC Capital raised the price target on the stock from $219 to $250 and maintained a Buy rating on the shares.
Datadog (DDOG) Among the Best Performers of May 2026 Talha Qureshi Sun, June 7, 2026 at 12:17 AM GMT+7 2 min read DDOG Datadog, Inc. (NASDAQ:DDOG) has been among the top performers in May 2026 with impressive gains of more than 97%. Most of these gains came in after the company posted strong results for fiscal Q1 2026, on May 7. Datadog, Inc. (NASDAQ:DDOG) is also among our Best Performing Stocks in May.
During the quarter, the company posted $1.01 billion in revenue, ahead of the consensus of $959.95 million. The EPS of $0.6 also came in ahead of the expectations of $0.51. CEO Olivier Pomel noted the 32% year-over-year revenue growth and more than $1 billion in revenue to be a significant milestone, driven by strong execution across customers of all sizes and industries adopting cloud-based, AI-enabled solutions. Management noted that customer growth remained healthy as the company had around 4,500 customers spending $100,000 or more annually, reflecting a 21% growth from a year ago.
Recently, on May 29, RBC Capital raised the price target on the stock from $219 to $250 and maintained a Buy rating on the shares. The firm met with Datadog’s management and came back reassured about the firm’s bullish thesis. The firm sees the company benefiting from three key tailwinds, including ongoing cloud migration, rising AI adoption, and new product innovation.