These Analysts Revise Price Targets On Datadog Following Q4 Results

Datadog Inc DDOG reported upbeat results for its fourth quarter, but issued weak guidance.

Datadog’s revenue increased 44% year-over-year to $469.4 million, which beat average analyst estimates of $449.31 million. The company reported earnings of 26 cents per share, which beat consensus estimates of 19 cents per share.

Datadog said it sees full-year revenue in a range of $2.07 billion to $2.09 billion versus estimates of $2.19 billion. The company expects full-year adjusted earnings between $1.02 and $1.09 per share versus estimates of $1.15 per share.

Datadog shares fell 7% to close at $82.47 on Thursday and lost 1.8% in today’s pre-market trading.

These analysts made changes to their price targets on Datadog after the company released quarterly results.

• Needham raised the price target on Datadog from $90 to $105. Needham analyst Mike Cikos maintained a Buy rating on the stock.
• Mizuho boosted Datadog price target from $85 to $94. Mizuho analyst Gregg Moskowitz maintained a Buy rating on the stock.
• Rosenblatt cut the price target on the stock from $120 to $105. Rosenblatt analyst Blair Abernethy maintained the stock with a Buy rating.
• Goldman Sachs cut the price target on the stock from $128 to $114. Goldman Sachs analyst Kash Rangan maintained the stock with a Buy rating.
• Raymond James slashed Datadog price target from $110 to $100. Raymond James analyst Adam Tindle maintained the stock with an Outperform.

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