12 analysts have expressed a variety of opinions on Datadog DDOG over the past quarter, 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 | 4 | 7 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 6 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Datadog, presenting an average target of $142.58, a high estimate of $155.00, and a low estimate of $125.00. This current average has increased by 1.05% from the previous average price target of $141.10.
Interpreting Analyst Ratings: A Closer Look
A clear picture of Datadog's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| 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 |
| Patrick Colville | Scotiabank | Lowers | Sector Outperform | $135.00 | $145.00 |
| Matthew Hedberg | RBC Capital | Maintains | Outperform | $151.00 | $151.00 |
| Keith Bachman | BMO Capital | Lowers | Outperform | $132.00 | $140.00 |
| Taz Koujalgi | Wedbush | Maintains | Outperform | $155.00 | $155.00 |
| Karl Keirstead | UBS | Raises | Neutral | $125.00 | $120.00 |
| Raimo Lenschow | Barclays | Lowers | Overweight | $140.00 | $145.00 |
| Mike Cikos | Needham | Lowers | Buy | $140.00 | $165.00 |
| Gray Powell | BTIG | Announces | Buy | $143.00 | - |
| Yi Fu Lee | Cantor Fitzgerald | Maintains | Overweight | $150.00 | $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: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Datadog compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Datadog's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Datadog's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Datadog analyst ratings.
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.
Key Indicators: Datadog's Financial Health
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Positive Revenue Trend: Examining Datadog's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 26.66% as of 30 June, 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: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 6.79%, the company may need to address challenges in 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 1.9%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Datadog's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.02%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Datadog's debt-to-equity ratio is below the industry average. With a ratio of 0.4, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Understanding the Relevance of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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