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Datadog Stock Targeted at $300 by CNBC Analyst, Up 94% Over Past Year

GateNews
StocksAI Industry News
DDOG4.02%

According to Todd Gordon, a CNBC columnist, Datadog (NASDAQ: DDOG) received a price target of $300 on July 14, with shares currently trading at $266 after surging 94% over the past year. Gordon cited the cloud data platform's momentum as it benefits from artificial intelligence adoption.

Datadog's Q1 2026 quarterly revenue exceeded $1 billion for the first time, growing 32% year-over-year, while annual recurring revenue (ARR) surpassed $4 billion. Net revenue retention rate (NRR) stood above 120%, with 75% of revenue growth coming from existing customer expansion.

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