Datadog DDOG underwent analysis by 18 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 9 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 4 | 7 | 2 | 0 | 0 |
| 2M Ago | 2 | 1 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $147.44, with a high estimate of $165.00 and a low estimate of $130.00. This current average reflects an increase of 16.71% from the previous average price target of $126.33.
Diving into Analyst Ratings: An In-Depth Exploration
The standing of Datadog among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Yi Fu Lee | Cantor Fitzgerald | Maintains | Overweight | $150.00 | - |
| Kingsley Crane | Canaccord Genuity | Maintains | Buy | $150.00 | - |
| Matthew Hedberg | RBC Capital | Maintains | Outperform | $151.00 | - |
| Mike Cikos | Needham | Maintains | Buy | $165.00 | - |
| William Power | Baird | Raises | Neutral | $130.00 | $120.00 |
| Alex Zukin | Wolfe Research | Raises | Outperform | $150.00 | $140.00 |
| Keith Bachman | BMO Capital | Raises | Outperform | $155.00 | $140.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $151.00 | $145.00 |
| Gregg Moskowitz | Mizuho | Raises | Neutral | $130.00 | $108.00 |
| Raimo Lenschow | Barclays | Raises | Overweight | $152.00 | $138.00 |
| Joel Fishbein | Truist Securities | Raises | Buy | $155.00 | $140.00 |
| Mike Cikos | Needham | Raises | Buy | $165.00 | $125.00 |
| Yi Fu Lee | Cantor Fitzgerald | Maintains | Overweight | $145.00 | - |
| Yi Fu Lee | Cantor Fitzgerald | Raises | Overweight | $145.00 | $115.00 |
| Andrew Nowinski | Wells Fargo | Raises | Equal-Weight | $130.00 | $100.00 |
| Fatima Boolani | Citigroup | Raises | Buy | $150.00 | $125.00 |
| Ki Bin Kim | Truist Securities | Raises | Buy | $140.00 | $120.00 |
| Keith Bachman | BMO Capital | Announces | Outperform | $140.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Datadog. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Datadog compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Datadog's stock. This analysis reveals shifts in analysts' expectations over time.
For valuable insights into Datadog's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using 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 via 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 applications throughout their businesses.
A Deep Dive into Datadog's Financials
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Datadog displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 25.62%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Datadog's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 9.16%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Datadog's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.82%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Datadog's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.44%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Datadog's debt-to-equity ratio is below the industry average at 0.45, reflecting a lower dependency on debt financing and a more conservative financial approach.
How Are Analyst Ratings Determined?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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