In the last three months, 13 analysts have published ratings on Datadog DDOG, offering 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 | 5 | 7 | 0 | 0 | 1 |
| Last 30D | 0 | 0 | 0 | 0 | 1 |
| 1M Ago | 2 | 0 | 0 | 0 | 0 |
| 2M Ago | 3 | 7 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $147.38, along with a high estimate of $165.00 and a low estimate of $98.00. A 1.48% drop is evident in the current average compared to the previous average price target of $149.60.
Diving into Analyst Ratings: An In-Depth Exploration
An in-depth analysis of recent analyst actions unveils how financial experts perceive Datadog. The following summary 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 |
|---|---|---|---|---|---|
| Brian White | Monness, Crespi, Hardt | Announces | Sell | $98.00 | - |
| Koji Ikeda | B of A Securities | Raises | Buy | $155.00 | $143.00 |
| Mike Cikos | Needham | Maintains | Buy | $165.00 | $165.00 |
| Taz Koujalgi | Wedbush | Maintains | Outperform | $155.00 | $155.00 |
| Raimo Lenschow | Barclays | Lowers | Overweight | $145.00 | $152.00 |
| Keith Bachman | BMO Capital | Lowers | Outperform | $140.00 | $155.00 |
| William Power | Baird | Raises | Outperform | $140.00 | $130.00 |
| Mike Cikos | Needham | Maintains | Buy | $165.00 | $165.00 |
| Taz Koujalgi | Wedbush | Maintains | Outperform | $155.00 | $155.00 |
| Blair Abernethy | Rosenblatt | Maintains | Buy | $146.00 | $146.00 |
| Andrew Nowinski | Wells Fargo | Raises | Overweight | $150.00 | $130.00 |
| Brad Reback | Stifel | Maintains | Buy | $152.00 | - |
| Yi Fu Lee | Cantor Fitzgerald | Maintains | Overweight | $150.00 | - |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Datadog. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Datadog compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Datadog's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Datadog's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Datadog analyst ratings.
Discovering Datadog: A Closer Look
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.
Key Indicators: Datadog's Financial Health
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Datadog displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 26.89%. 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 is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 6.97%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Datadog's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.02%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Datadog's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.06%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Datadog's debt-to-equity ratio is below the industry average at 0.43, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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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