News about Datadog

Datadog (DDOG) closed at $235.27 on October 30, down 11.50% with no company announcement behind the drop, a move the article links to AI spending fears after Amazon and Intel results, even though Amazon's cloud unit grew 39.3%. The stock fell 14.1% in October from $273.85 at the end of September, while the next-12-month EPS estimate stayed near $2.65 and the forward P/E dropped from about 103 times to about 89 times. The Street's mean target rose to about $294, and Wells Fargo raised its target to $325 from $295. TechCrunch reported that Upwind walked away from a reported near-$4 billion offer and raised $400 million instead, though neither company has confirmed the talks. Datadog reports third-quarter results on November 4, with revenue guidance of $1.135 billion to $1.145 billion, and the 2027 EPS estimate, now about $2.98, is the figure the article highlights to watch.

Datadog was the best performer in the S&P 500 after Bernstein upgraded it to Outperform.

A Bernstein analyst says Datadog's artificial-intelligence customers are spending more than expected. The article also notes the upgrade comes as an OpenAI setback may be fading.