Peeling Back The Layers: Exploring Datadog Through Analyst Insights

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Datadog DDOG has been analyzed by 20 analysts in the last three months, revealing a diverse range of perspectives 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 6 11 3 0 0
Last 30D 1 1 0 0 0
1M Ago 1 2 0 0 0
2M Ago 0 1 0 0 0
3M Ago 4 7 3 0 0

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $148.85, a high estimate of $165.00, and a low estimate of $130.00. Witnessing a positive shift, the current average has risen by 15.46% from the previous average price target of $128.92.

Deciphering Analyst Ratings: An In-Depth Analysis

An in-depth analysis of recent analyst actions unveils 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
Taz Koujalgi Wedbush Maintains Outperform $155.00 -
Blair Abernethy Rosenblatt Maintains Buy $146.00 $146.00
Andrew Nowinski Wells Fargo Raises Overweight $150.00 $130.00
Brad Reback Stifel Maintains Buy $152.00 -
Yi Fu Lee Cantor Fitzgerald Maintains Overweight $150.00 -
Yi Fu Lee Cantor Fitzgerald Maintains Overweight $150.00 -
Kingsley Crane Canaccord Genuity Maintains Buy $150.00 -
Matthew Hedberg RBC Capital Maintains Outperform $151.00 -
Mike Cikos Needham Maintains Buy $165.00 -
William Power Baird Raises Neutral $130.00 $120.00
Alex Zukin Wolfe Research Raises Outperform $150.00 $140.00
Keith Bachman BMO Capital Raises Outperform $155.00 $140.00
Matthew Hedberg RBC Capital Raises Outperform $151.00 $145.00
Gregg Moskowitz Mizuho Raises Neutral $130.00 $108.00
Raimo Lenschow Barclays Raises Overweight $152.00 $138.00
Joel Fishbein Truist Securities Raises Buy $155.00 $140.00
Mike Cikos Needham Raises Buy $165.00 $125.00
Yi Fu Lee Cantor Fitzgerald Maintains Overweight $145.00 -
Yi Fu Lee Cantor Fitzgerald Raises Overweight $145.00 $115.00
Andrew Nowinski Wells Fargo Raises Equal-Weight $130.00 $100.00

Key Insights:

  • Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Datadog. This information offers 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: 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.

Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Datadog's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.

Stay up to date on Datadog analyst ratings.

Delving into Datadog's Background

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.

Financial Milestones: Datadog's Journey

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.

Revenue Growth: Datadog's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 25.62%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.

Net Margin: Datadog's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 9.16%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Datadog's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.82%, the company may face hurdles in achieving optimal financial performance.

Return on Assets (ROA): Datadog's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.44%, the company may face hurdles in generating optimal 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 0.45.

Analyst Ratings: Simplified

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.

Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.

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

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