6 Analysts Assess Datadog: What You Need To Know
Portfolio Pulse from Benzinga Insights
Datadog (NASDAQ:DDOG) has been analyzed by 6 analysts, showing a shift towards a more cautious stance in the last 30 days with an increase in the average price target to $139.67 from $110.75. The company's financials indicate solid revenue growth but below-average profitability and efficiency metrics. Analysts' ratings and price targets have been adjusted upwards, reflecting optimism about the company's future performance despite some operational challenges.
February 09, 2024 | 3:00 pm
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POSITIVE IMPACT
Datadog's stock has received mixed reviews from analysts, with an updated average price target of $139.67, indicating a bullish sentiment. Despite operational challenges, the company shows strong revenue growth.
The increase in the average price target to $139.67 from $110.75 reflects a bullish sentiment among analysts, despite a more cautious stance in the last 30 days. The company's solid revenue growth rate of approximately 25.43% is a positive indicator, although profitability and efficiency metrics are below industry averages. The adjustments in analysts' ratings and price targets upwards suggest optimism about Datadog's future performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100