BNP Paribas Exane Reiterates Outperform on Datadog (DDOG) 'We believe the pace of innovation will help drive market share'

BNP Paribas Exane analyst Andrew DeGasperi reiterated an Outperform rating and $150.00 price target on Datadog (NASDAQ: DDOG)

The analyst commented, "After our investor group meeting with CFO David Obstler last week, we attended Datadog’s DASH 2025 user conference. Over the last two days, we spoke with 5 partners and 15+ customers, some of which were significantly larger than we would have expected at this event. Key takeaway: As confirmed in our CFO lunch, not only are many customers shifting to Datadog for certain SIEM capabilities but many were excited about its Agentic AI capabilities, particularly those intended to facilitate Incident Response. Of note, On-call (recently made GA) was the most talked about product by customers, which could potentially lead to share gains vs. PagerDuty (PD) (NC), given the savings. We believe the pace of innovation will help drive market share and supports our thesis that revenue growth should accelerate."

For an analyst ratings summary and ratings history on Datadog click here. For more ratings news on Datadog click here.

Shares of Datadog closed at $118.63 yesterday.

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