Datadog (DDOG) is one of those stocks that fall into the highly specialized tech sector. It seems that Datadog is making the news because its stock has been doing quite well recently.
In fact, a lot of analysts have also updated their forecast for the Datadog stock. And the best part is that most of these analysts are bullish on Datadog (DDOG).
For starters, Keith Bachman from BMO Capital issued a price target of $154 for the Datadog stock. Earlier, his price target was around $130 for the Datadog stock. So, it seems this analyst is not only bullish on Datadog but has also doubled down.
This change in the price target occurred after the company announced better-than-expected revenue numbers. So, it was only natural for the analyst to also update the price target.
The new price target of $154 for Datadog correctly reflects the current and the upcoming financial situation of the company.
Datadog published its earnings report back in August. At that time, the results were almost double the forecasts and showed the strong position of Datadog.
In fact, Datadog has managed to beat the forecasts for the entire year 2025 as well! So, it's safe to say that this highly specialized tech stock is doing really well.
If we look at other numbers, then they also tell the same story about Datadog. For starters, the revenue has reached $827 million with a 28% y/y increase. In addition, the non-GAAP net income of Datadog has reached $164 million with a 7% increase.
With all things considered, Datadog stock looks like a really good option for those who are into the tech sector. It can also serve as a good diversification option for those who are only into the big-name stocks like Apple, Alphabet, or Nvidia.
And if Datadog data continues to beat the forecasts, we might get another bullish price target from the analysts once again.