Analyst Ratings for Datadog
Portfolio Pulse from Benzinga Insights
Datadog (NASDAQ:DDOG) has received various analyst ratings over the last quarter, with 2 bullish, 6 somewhat bullish, 5 indifferent, and no bearish ratings. The average price target is $111.54, which is below the current price of $117.57, suggesting a downside. This target has increased by 7.35% from the previous target of $103.90. Analysts rate stocks based on financial analysis and insider discussions, typically updating their ratings quarterly.
December 05, 2023 | 2:00 pm
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NEGATIVE IMPACT
Datadog has a mix of bullish and indifferent analyst ratings with an average price target suggesting a downside from the current stock price. The target has been raised from the previous quarter.
The average price target being below the current stock price typically suggests that analysts expect the stock to perform worse in the future. The increase in the target price from the previous quarter indicates improved expectations, but the overall sentiment remains that the stock is overvalued at its current price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100