Royal Bank Of Canada Issues Positive Forecast for Datadog (NASDAQ:DDOG) Stock Price

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Royal Bank of Canada has raised its price target for Datadog (NASDAQ:DDOG) from $161 to $219, maintaining an “outperform” rating, following Datadog’s strong Q1 earnings beat and raised guidance. Several other firms have also increased their price targets, contributing to a consensus “Moderate Buy” rating and an average price target near $210, driven by continued demand for cloud security and AI features. However, the article notes risks due to the stock’s stretched valuation and significant insider selling, which could make it vulnerable to market sentiment shifts or execution issues.

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