Earnings$DDOG12:58 PM ET

Bernstein upgrades Datadog to Outperform, cites strong AI demand offsetting OpenAI cut

By BORSA NewsroomPublished Oct 19, 2026, 12:58 PM EDTUpdated Oct 19, 2026, 12:59 PM EDT

Bernstein analysts upgraded Datadog to Outperform, raising price target to $350. They note AI token consumption grew at least 50% QoQ in Q3, and surging AI usage may have nearly offset a $100M contract reduction from its largest customer, believed to be OpenAI. Stock rose 6.9%.

Sentimentbullish 80

Strongly bullish · 80 of 100

Impact70

medium · sector-wide

Confidence80%

high confidence · single wire

Eventdeveloping

v1 · alerted to followers

WHAT WE KNOW

Bernstein upgraded Datadog to Outperform, price target $350