On July 29, Datadog rose 3.22% in regular trading, trading at $258.28/share, with turnover of $55.32 million. The stock gained momentum as multiple Wall Street firms raised their price targets ahead of the companys Q2 earnings report scheduled for August 6.

Morgan Stanley lifted its target to $300, joining a wave of upgrades including Citigroup ($300, from $270), Bank of America ($305, from $280), Mizuho ($300, from $220), Wells Fargo ($295, from $230), and Benchmark ($330, from $260). Oppenheimer highlighted that Datadogs Q2 revenue is expected to exceed consensus estimates, driven by sustained AI workload growth, strong new customer additions, and traction from newer products including Bits AI, Flex Logs, and Cloud SIEM.

Additionally, the company recently acquired AI firm Adaptive ML to strengthen its large language model research capabilities, and was named a Leader in the Gartner Magic Quadrant for Observability Platforms for the sixth consecutive year, positioned highest for Ability to Execute among all vendors evaluated.

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