Datadog DDOG has been analyzed by 12 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 6 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 0 | 0 | 0 |
| 3M Ago | 2 | 4 | 3 | 0 | 0 |
Analysts have recently evaluated Datadog and provided 12-month price targets. The average target is $117.5, accompanied by a high estimate of $140.00 and a low estimate of $84.00. Observing a 14.2% increase, the current average has risen from the previous average price target of $102.89.
Understanding Analyst Ratings: A Comprehensive Breakdown
The analysis of recent analyst actions sheds light on the perception of Datadog by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Keith Bachman | BMO Capital | Announces | Outperform | $140.00 | - |
| Brad Reback | Stifel | Raises | Buy | $140.00 | $98.00 |
| Patrick Colville | Scotiabank | Announces | Sector Outperform | $138.00 | - |
| Sanjit Singh | Morgan Stanley | Raises | Overweight | $110.00 | $100.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $120.00 | $103.00 |
| Gregg Moskowitz | Mizuho | Announces | Neutral | $108.00 | - |
| Joel Fishbein | Truist Securities | Raises | Buy | $120.00 | $110.00 |
| Sterling Auty | JP Morgan | Raises | Overweight | $115.00 | $90.00 |
| Adam Tindle | Raymond James | Raises | Outperform | $115.00 | $95.00 |
| Mike Cikos | Needham | Raises | Buy | $125.00 | $110.00 |
| William Power | Baird | Lowers | Neutral | $84.00 | $100.00 |
| Andrew Nowinski | Wells Fargo | Lowers | Equal-Weight | $95.00 | $120.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Datadog. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Datadog compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Datadog's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Datadog's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Datadog analyst ratings.
About Datadog
Datadog is a cloud-native company that focuses on analyzing machine data. The firm's product portfolio, delivered as software-as-a-service, allows a client to monitor and analyze its entire IT infrastructure. Datadog's platform can ingest and analyze large amounts of machine-generated data in real time, allowing clients to utilize it for a variety of different applications throughout their businesses.
Financial Milestones: Datadog's Journey
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Datadog's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 25.43%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Datadog's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 4.13%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Datadog's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 1.31%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.66%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Datadog's debt-to-equity ratio is below the industry average. With a ratio of 0.49, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyst Ratings: What Are They?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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