Analyst Ratings Coverage
Needham & Company (Rank#31) issued a research report on Datadog’s stock, and maintained the “Outperform” Rating on the stock, and raised the 12 month target forecast to $125 from $110 per share.
DDOG Stock Analysis
The stock forecast for Datadog Inc (DDOG) is based on information provided by 25 financial analysts. This forecast offers insights into the expected performance of DDOG’s stock. Here’s a detailed breakdown of the information provided:
Average Analyst Target Price:
The average analyst target price for Datadog Inc is USD 109.03 over the next 12 months. This figure represents the consensus among analysts regarding the anticipated value of DDOG’s stock in the coming year. The average target price is significantly higher than the current stock price, indicating a positive outlook for the company.
Average Analyst Rating:
The average analyst rating for Datadog Inc is “Strong Buy.” This rating reflects a high level of confidence among financial analysts that investors should consider purchasing DDOG’s stock. “Strong Buy” is typically associated with a very positive recommendation.
Stock Target Advisor’s Analysis:
Stock Target Advisor’s own analysis of Datadog Inc is categorized as “Slightly Bearish.” This analysis considers a combination of signals, including both positive and negative indicators, to provide an overall assessment of the stock’s outlook.
5 Positive Signals: The presence of five positive signals suggests that several factors are contributing to the slightly bearish outlook. Unfortunately, the snippet does not specify these positive signals.
7 Negative Signals: The existence of seven negative signals indicates that there are also some concerns or challenges that may be impacting the stock’s performance. However, the snippet does not provide details regarding these negative signals.
Recent Stock Performance:
As of the last closing, Datadog Inc’s stock price was USD 79.57. It’s essential to keep in mind that stock prices are dynamic and subject to regular fluctuations influenced by market conditions and investor sentiment. The snippet provides information on the stock’s price changes over different timeframes:
-1.04% over the past week: This indicates that the stock has experienced a slight decrease in value over the most recent week, suggesting short-term negative momentum.
-15.74% over the past month: The stock has significantly declined in value over the past month, indicating a negative trend.
+13.06% over the last year: Over the course of the last year, the stock has seen an increase in value, reflecting long-term positive performance.
Final Stock Analysis
The stock forecast for Datadog Inc shows a generally positive outlook among analysts. The average target price, along with the “Strong Buy” rating, indicates optimism about the stock’s future performance. However, Stock Target Advisor’s analysis categorizes it as “Slightly Bearish,” with a balance of positive and negative signals. The stock has recently experienced short-term declines but has shown a positive long-term performance over the past year. As with any investment, investors should conduct thorough research and consider these factors before making investment decisions.
