In the latest quarter, 17 analysts provided ratings for Datadog DDOG, showcasing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 9 | 0 | 0 | 1 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 3 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 0 | 0 | 1 |
| 3M Ago | 4 | 5 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Datadog, revealing an average target of $149.53, a high estimate of $165.00, and a low estimate of $98.00. This current average represents a 1.76% decrease from the previous average price target of $152.21.
Decoding Analyst Ratings: A Detailed Look
In examining recent analyst actions, we gain insights into 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 |
|---|---|---|---|---|---|
| Gray Powell | BTIG | Announces | Buy | $143.00 | - |
| Yi Fu Lee | Cantor Fitzgerald | Maintains | Overweight | $150.00 | $150.00 |
| Gregg Moskowitz | Mizuho | Raises | Outperform | $155.00 | $135.00 |
| Kirk Materne | Evercore ISI Group | Announces | Outperform | $150.00 | - |
| Yun Kim | Loop Capital | Maintains | Buy | $160.00 | $160.00 |
| Mike Cikos | Needham | Maintains | Buy | $165.00 | $165.00 |
| Taz Koujalgi | Wedbush | Maintains | Outperform | $155.00 | $155.00 |
| 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 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Datadog. This offers insight into analysts' perspectives on 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: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Capture valuable insights into Datadog's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Datadog analyst ratings.
All You Need to Know 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.
Datadog's Financial Performance
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Positive Revenue Trend: Examining Datadog's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 26.89% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Datadog's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 6.97%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.02%, the company may need to address challenges in generating 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 1.06%, 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 0.43, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Core of Analyst Ratings: What Every Investor Should Know
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.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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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