Throughout the last three months, 20 analysts have evaluated Datadog DDOG, offering a diverse set of opinions from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 11 | 9 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 3 | 0 | 0 | 0 |
| 2M Ago | 6 | 4 | 0 | 0 | 0 |
| 3M Ago | 2 | 2 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Datadog, presenting an average target of $159.8, a high estimate of $200.00, and a low estimate of $133.00. This upward trend is evident, with the current average reflecting a 10.21% increase from the previous average price target of $145.00.
Exploring Analyst Ratings: An In-Depth Overview
The perception of Datadog by financial experts is analyzed through recent analyst actions. 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 |
|---|---|---|---|---|---|
| Yun Kim | Loop Capital | Raises | Buy | $200.00 | $160.00 |
| Brad Reback | Stifel | Raises | Buy | $165.00 | $141.00 |
| Gregg Moskowitz | Mizuho | Raises | Outperform | $170.00 | $155.00 |
| Joel Fishbein | Truist Securities | Raises | Buy | $170.00 | $155.00 |
| Steve Koenig | Macquarie | Announces | Outperform | $200.00 | - |
| Raimo Lenschow | Barclays | Raises | Overweight | $187.00 | $155.00 |
| Andrew Sherman | TD Cowen | Maintains | Buy | $165.00 | $165.00 |
| Blair Abernethy | Rosenblatt | Raises | Buy | $148.00 | $140.00 |
| Raimo Lenschow | Barclays | Raises | Overweight | $155.00 | $140.00 |
| Fatima Boolani | Citigroup | Raises | Buy | $157.00 | $150.00 |
| Andrew Sherman | TD Cowen | Raises | Buy | $165.00 | $160.00 |
| Gil Luria | DA Davidson | Raises | Buy | $150.00 | $140.00 |
| Patrick Colville | Scotiabank | Lowers | Sector Outperform | $133.00 | $135.00 |
| William Power | Baird | Raises | Outperform | $150.00 | $140.00 |
| Brian White | Monness, Crespi, Hardt | Announces | Buy | $155.00 | - |
| Keith Bachman | BMO Capital | Raises | Outperform | $135.00 | $132.00 |
| Peter Weed | Bernstein | Lowers | Outperform | $151.00 | $157.00 |
| Karl Keirstead | UBS | Raises | Buy | $150.00 | $125.00 |
| Andrew DeGasperi | Exane BNP Paribas | Announces | Outperform | $150.00 | - |
| Gil Luria | DA Davidson | Raises | Buy | $140.00 | $115.00 |
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: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Datadog compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Datadog's stock. This comparison reveals trends in analysts' expectations over time.
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.
Unveiling the Story Behind 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: 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 26.02% as of 30 September, 2024, showcasing a substantial increase in 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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 7.49%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Datadog's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.05%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.14%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Datadog's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.37.
How Are Analyst Ratings Determined?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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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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