11:57 AM EDT, 07/03/2025 (MT Newswires) -- (Updates with the analyst's commentary.)

Wedbush raised the price target on Datadog Inc ( DDOG ) to $170 from $140 while maintaining its outperform rating.

The brokerage said S&P Global ( SPGI ) announced it will add Datadog ( DDOG ) to the S&P 500 Index in place of Juniper Networks (JNPR), which was acquired by Hewlett Packard Enterprise ( HPE ) .

Wedbush said Datadog ( DDOG ) is "well-positioned" to continue gaining momentum "within the observability space especially with AI [artificial intelligence] front and center."

The brokerage expects the company's addition to the S&P 500 Index take effect prior to opening of trading on July 9.

Datadog ( DDOG ) has an average rating of buy and mean price target of $143.04, according to analysts polled by FactSet.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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