Datadog Inc. (NASDAQ:DDOG) on Thursday reported first-quarter results that topped Wall Street expectations.



The software-as-a-service company posted first-quarter revenue of $1.006 billion, up 32% from a year earlier and ahead of analyst estimates of $961.31 million. Adjusted earnings came in at 60 cents per share, beating consensus estimates of 51 cents.



Datadog raised its full-year 2026 outlook, projecting revenue of $4.30 billion to $4.34 billion, up from its prior forecast of $4.06 billion to $4.10 billion. Analysts currently expect revenue of $4.12 billion.



The company also increased its full-year adjusted earnings forecast to between $2.36 and $2.44 per share from its previous outlook of $2.08 to $2.16 per share. Analysts are expecting adjusted earnings of $2.17 per share.



“Datadog executed to a strong quarter, with 32% year-over-year revenue growth, $335 million in operating cash flow, and $289 million in free cash flow,” said Olivier Pomel, co-founder and CEO of Datadog. “We are helping customers of all sizes and industries deploy modern, cloud-based, AI-enabled solutions.”



Datadog shares rose 1% to trade at $190.49 on Friday.



These analysts made changes to their price targets on Datadog following earnings announcement.



<ul>
<li>Needham analyst Mike Cikos maintained Datadog with a Buy and raised the price target from $155 to $225.</li>



<li>Rosenblatt analyst Blair Abernethy maintained the stock with a Buy and raised the price target from $178 to $220.</li>



<li>Mizuho analyst Gregg Moskowitz maintained Datadog with an Outperform rating and raised the price target from $145 to $220.</li>



<li>Keybanc analyst Eric Heath maintained the stock with an Overweight rating and boosted the price target from $155 to $225.</li>



<li>Guggenheim analyst Howard Ma maintained the stock with a Buy and raised the price target from $175 to $225.</li>



<li>Evercore ISI Group analyst Kirk Materne maintained Datadog with an Outperform rating and raised the price target from $175 to $225.</li>



<li>Wedbush analyst Dan Ives maintained the stock with an Outperform rating and raised the price target from $190 to $220.</li>



<li>Barclays analyst Raimo Lenschow maintained Datadog with an Overweight rating and raised the price target from $148 to $215.</li>
</ul>



Considering buying DDOG stock? Here’s what analysts think:



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Datadog Inc. (DDOG) reported strong Q1 results, exceeding revenue and earnings expectations, with revenue of $1.006 billion and adjusted earnings of 60 cents per share. The company raised its full-year 2026 revenue outlook to $4.30-$4.34 billion and adjusted earnings forecast to $2.36-$2.44 per share. Following the announcement, several analysts raised their price targets significantly, with most maintaining a Buy or Outperform rating. Datadog shares rose 1% to $190.49.

These Analysts Boost Their Forecasts On Datadog After Upbeat Q1 Results