Stifel initiated Micron Technology with an Outperform rating, forecasting a multi-year memory upturn fueled by AI demand and tight supply. The broker expects rising average selling prices and margin expansion, with non-GAAP EPS potentially rising over 275% in two years. High-bandwidth memory (HBM) is a central driver.

For Datadog, Stifel upgraded the cloud security firm to Buy from Hold, citing an attractive risk-reward profile. The upgrade follows evidence of accelerating core revenue growth and stability in OpenAI-related income. Stifel trimmed its price target to $160 but sees room for margin expansion as prior investments mature.

Micron shares trade at about 9.7 times 2026 earnings estimates. The broker sees sustained pricing strength but flags risks from Samsung's HBM competition and potential supply easing. For Datadog, record new-logo bookings and larger initial deal sizes support its growth trajectory, though margins may start 2026 modestly below expectations.