Stifel Initiates Micron at Outperform, Upgrades Datadog on Attractive Risk-Reward

Stifel initiates Micron at Outperform, citing a multi-year upturn in the memory cycle driven by AI demand and tight supply. The brokerage forecasts Micron's non-GAAP EPS to rise over 275% in two years, driven by ASP growth and higher margin products. Stifel also upgrades Datadog to Buy from Hold, citing accelerating core growth and stability in OpenAI-related revenue, though trimmed the price target to $160 from $205.