Home / Business and Economy / Datadog Stock Surge: Jefferies Lifts Price Target
Datadog Stock Surge: Jefferies Lifts Price Target
7 May
Summary
- Jefferies boosted Datadog's price target to $170, implying 16.49% upside.
- Datadog reported Q1 2026 EPS of $0.59, surpassing estimates.
- Director Amit Agarwal sold 20,000 shares for $2.63 million.
Jefferies elevated its price target for Datadog stock to $170 on Tuesday, maintaining a buy rating and suggesting a 16.49% upside potential for investors. This decision provides a higher valuation benchmark for Datadog shareholders.
Datadog's recent quarterly earnings report showed an EPS of $0.59, exceeding the consensus estimate of $0.55. Revenue for the quarter reached $953.19 million, surpassing projections and marking a 29.2% year-over-year increase.
Despite positive earnings, analyst sentiment on Datadog remains divided, with price targets ranging from $167.00 to $225.00. The consensus rating is currently a 'Moderate Buy' with an average price target of $177.28.
Further influencing trader decisions, Datadog director Amit Agarwal sold 20,000 shares on Monday, April 27th, for approximately $2.63 million. This transaction occurred alongside the new Jefferies price target, providing additional signals for market participants.
Looking ahead, Datadog has issued guidance for FY 2026 EPS between $2.080 and $2.160, with Q1 2026 guidance set at $0.490 to $0.510 EPS. Investors will closely monitor whether the stock price can close the gap toward the $170 target or align with higher or lower analyst projections.
