Bernstein Raises Datadog Rating and Price Target on AI Demand
Photo: TokenPost
Datadog, Inc. shares rose about 4% before the U.S. market opened Monday after Bernstein upgraded the software company, pointing to stronger-than-expected demand tied to artificial intelligence. Bernstein moved Datadog to Outperform from Market Perform and raised its price target to $350 from $237. The share gain came in premarket trading on Oct. 19. Signals in Bernstein's data point to a possible increase in token use among large AI labs. The firm also sees consumer AI agents as a potential source of additional demand for observability tools among Datadog's traditional customers. Enna Lee reports on investing and digital-asset markets for TokenPost.
Source: TokenPost
