Evaluating Datadog: Insights From 18 Financial Analysts
Portfolio Pulse from Benzinga Insights
Datadog (NASDAQ:DDOG) has been analyzed by 18 financial analysts, showing a range of opinions from bullish to bearish. Recent ratings indicate a shift towards a more positive outlook, with an average 12-month price target of $147.44, up from $126.33. This reflects a 16.71% increase. Analysts have maintained or raised their ratings, with price targets ranging from $130.00 to $165.00. Datadog's financials show solid revenue growth of 25.62% as of December 31, 2023, but lag in net margin, ROE, and ROA compared to industry averages. Its debt-to-equity ratio is below the industry average, indicating a conservative financial approach.

March 12, 2024 | 3:00 pm
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POSITIVE IMPACT
Datadog's stock may see a positive short-term impact due to the upward revision of its 12-month price target by analysts and solid revenue growth, despite challenges in profitability and asset utilization.
The positive revision of the 12-month price target and the solid revenue growth indicate strong market confidence and potential for stock appreciation. However, challenges in profitability and asset utilization may temper gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100