Bernstein Upgrades Datadog to Outperform from Market Perform
Fintel reports that on October 19, 2026, Bernstein upgraded their outlook for Datadog (NASDAQGS:DDOG) (BMV:DDOG) from Market Perform to Outperform. This action follows a prior rating action by Bernstein on July 6, 2026, when the firm downgraded the company from Outperform to Market Perform.
Other analyst firms have also recently maintained their ratings on the stock. On October 15, 2026, Mizuho maintained its Outperform rating. Prior to that, Barclays maintained its Overweight rating on October 13, 2026, RBC Capital maintained its Outperform rating on October 12, 2026, and CIBC maintained its Outperformer rating on October 9, 2026.
On the day of the upgrade, October 19, 2026, Datadog's latest close was $260.27. This compares to a pre-action close of $247.11 on October 16, 2026. The stock experienced a price change of -9.41% over one week, relative to a baseline close of $287.29 on October 12, 2026. Over a one-month period, the stock's price changed by +13.20% from a baseline close of $229.92 on September 18, 2026.
As of October 2, 2026, the current consensus target mean for Datadog was $288.67, with a median target of $298.35, representing an implied change of +10.91%. The prior consensus target mean as of September 15, 2026, was $290.14, showing a consensus target revision of -0.51%. In terms of aggregate recommendations, the current period as of September 1, 2026, recorded 15 strong buy, 36 buy, 4 hold, and 1 sell recommendations, totaling 56. These figures represent 91.1% positive, 7.1% hold, and 1.8% negative recommendations, which remained unchanged from the prior recommendation period as of August 1, 2026.
Datadog reported its latest earnings on August 6, 2026, posting an actual EPS of 0.65 against an estimate of 0.6063, which is a surprise of +7.21%. The company's actual revenue was $1,121,454,000.00, compared to the estimated $1,098,967,502.00. The upcoming earnings announcement is scheduled for November 4, 2026, before the market open. Datadog, Inc., based in the United States, operates in the software industry, delivering a monitoring and analytics platform that aggregates data from servers, databases, tools, and services to support APM, infrastructure monitoring, log management, and cloud observability.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 19, 2026 | Bernstein | Market Perform | Outperform | upgrade |
| October 15, 2026 | Mizuho | Outperform | Outperform | maintained |
| October 13, 2026 | Barclays | Overweight | Overweight | maintained |
| October 12, 2026 | RBC Capital | Outperform | Outperform | maintained |
| October 9, 2026 | CIBC | Outperformer | Outperformer | maintained |
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This story originally appeared on Fintel.