Scotiabank Rates Datadog (DDOG) buy, $275 Price Target

Scotiabank Restates Outlook on Datadog, Inc.

Scotiabank analyst Patrick Colville reaffirmed a buy rating on Datadog, Inc. (NASDAQ:DDOG) on June 18, 2026, keeping a $275 price target on the cloud monitoring software provider. The firm's updated view arrives alongside a crowded field of Wall Street opinions on the New York-based technology company.

Analysts Set New Price Targets

Wall Street maintains a largely positive outlook on Datadog, backed by a strong consensus rating. Mizuho maintains an Outperform rating with a $330 price target as of October 15, 2026, while Barclays keeps an Overweight rating and a $300 target following its update on October 13, 2026. RBC Capital holds an Outperform rating with a $320 price target set on October 12, 2026, and CIBC maintains an Outperformer rating with a $315 target as of October 9, 2026. Scotiabank itself previously kept a Sector Outperform rating with a $285 target on August 8, 2026. Across 47 analyst opinions, the stock carries a strong buy recommendation key and a mean price target of $290.38, with targets stretching from a low of $158 up to a high of $340.

Stock Performance and Valuation

Datadog shares recently traded at $223.96. The technology company carries a market capitalization of $95.6 billion and a forward P/E ratio of 89.51 based on expected earnings. Over the past year, the stock has traded through a 52-week low of $98.01 and a 52-week high of $300.68.

Recent Insider Activity

Company filings detail insider transactions on June 25, 2026, involving Amit Agarwal. The filings report a disposition of 20,000 shares alongside an acquisition of 20,000 shares, with transaction prices and total values reported at zero in the disclosure.

Inside Datadog's Platform

Datadog operates an observability and security platform designed for cloud applications. The company's tools handle infrastructure monitoring, log management, application performance tracking, cloud security, and error tracking for corporate customers worldwide. Founded in 2010, the company continues to expand its footprint in the application software sector.

What to Watch at Datadog, Inc.

Investors are keeping an eye on upcoming financial disclosures, with Datadog scheduled to report its next round of earnings on November 4, 2026. Market participants will look to see if revenue growth and margins continue to match the expectations set by the company's large roster of covering analysts.