Truist Upgrades Datadog (DDOG) to Buy from Neutral
Key takeaways
- Truist Upgrades Datadog (DDOG) to Buy from Neutral Catherine Talavera Thu, June 18, 2026 at 10:03 PM GMT+7 2 min read DDOG Datadog, Inc.
- The analyst attributed the upgraded rating and price target to the company’s potential for durable AI-driven growth as well as improved stability of the firm’s relationships with frontier lab customers.
- Several analysts recently raised their price targets on Datadog, such as BMO Capital, which increased its price target on Datadog on June 12 to $260 from $220 while maintaining an outperform rating on the shares.
Truist Upgrades Datadog (DDOG) to Buy from Neutral Catherine Talavera Thu, June 18, 2026 at 10:03 PM GMT+7 2 min read DDOG Datadog, Inc. (NASDAQ:DDOG) is one of the 8 Best Generative AI Software Stocks to Buy in June 2026. On June 15, Truist analyst Miller Jump upgraded Datadog’s rating to Buy from Hold while raising its price target to $300 from $190, according to a report by Investing.com.
The analyst attributed the upgraded rating and price target to the company’s potential for durable AI-driven growth as well as improved stability of the firm’s relationships with frontier lab customers.
“Despite increased awareness around AI consumption, we believe urgency of AI adoption in the enterprise is significantly outweighing the urgency to optimize AI, and customers remain early in their agentic journeys,” Jump was quoted saying in the report.