Expert Outlook: Datadog Through The Eyes Of 21 Analysts

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In the last three months, 21 analysts have published ratings on Datadog DDOG, offering a diverse range of perspectives from bullish to bearish.

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 10 9 2 0 0
Last 30D 0 0 1 0 0
1M Ago 3 1 1 0 0
2M Ago 2 3 0 0 0
3M Ago 5 5 0 0 0

In the assessment of 12-month price targets, analysts unveil insights for Datadog, presenting an average target of $161.38, a high estimate of $200.00, and a low estimate of $133.00. Witnessing a positive shift, the current average has risen by 7.82% from the previous average price target of $149.68.

price target chart

Exploring Analyst Ratings: An In-Depth Overview

A comprehensive examination of how financial experts perceive Datadog is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Sanjit Singh Morgan Stanley Maintains Equal-Weight $143.00 $143.00
Joel Fishbein Truist Securities Lowers Hold $150.00 $170.00
Brent Thill Jefferies Raises Buy $170.00 $155.00
Matthew Hedberg RBC Capital Raises Outperform $170.00 $151.00
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

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: 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: Gaining insights, analysts provide estimates for the future value of Datadog's stock. This comparison reveals trends in analysts' expectations over time.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Datadog's market position. Stay informed and make well-informed decisions with 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.

Datadog's Financial Performance

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's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 26.02%. This indicates a substantial increase in the company's 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 financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 7.49%, the company showcases strong profitability and 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 2.05%, 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 1.14%, the company may need to address challenges in generating satisfactory returns from its assets.

Debt Management: With a below-average debt-to-equity ratio of 0.37, Datadog adopts a prudent financial strategy, indicating a balanced approach to debt management.

The Significance of Analyst Ratings Explained

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.

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.

Which Stocks Are Analysts Recommending Now?

Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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