Software Stock Charges Higher on Brokerage Bull Note

Group 1 - Datadog Inc (NASDAQ:DDOG) is currently trading at $121.90, up 2.8%, following a "buy" rating maintained by Needham and an increased price target from $130 to $140 [1] - The stock is attempting to recover from a three-day losing streak and reduce its year-to-date deficit of 16% [1] - Datadog's stock has been struggling in 2025, currently about 30% below its December multi-year peak, and facing resistance at the $120 level [2] Group 2 - Analysts are optimistic about Datadog, with 31 out of 39 covering analysts recommending a "buy" or "strong buy," and the average 12-month price target is $138.61, indicating a 14% upside from current levels [2] - Options for Datadog appear affordable, with a Schaeffer's Volatility Index (SVI) of 35%, ranking in the 9th percentile of its annual range, suggesting low volatility expectations [3] - Datadog has a history of outperforming volatility expectations, as indicated by its Schaeffer's Volatility Scorecard (SVS) rating of 79 out of 100 [3]