Datadog, Inc. Class A (NASDAQ:DDOG) is doubling down on AI—spending over $1B to build Toto 2.0 and production agents, absorbing Adaptive ML to bolster RLOps and agentic models for observability/security—while Benchmark raises its price target to $330 and reiterates a Buy.
Previous Week Recap
- Datadog AI R&D Spend: Toto 2.0, Production AI Agents: Datadog says it spent over $1 billion on AI R&D, developing Toto 2.0 and production AI agents—Bits Investigation, Bits Code and Bits Security Analysts—highlighting heavy AI investment.
- Datadog acquires Adaptive ML, RLOps Focus: Datadog (DDOG) acquired AI startup Adaptive ML; the team joins Datadog AI Research to work on RLOps, world models and agentic LLM post‑training to boost observability and security.
- Benchmark Upgrades DDOG Target to $330: Benchmark reiterated a Buy rating on Datadog, Inc. Class A (DDOG) and raised its price target from $260.00 to $330.00 per share, with the update timestamped at 13:21 GMT.
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