Datadog (DDOG) Stock Forecast & Price Target

$113.18

+1.25 (+1.12%)

(As of 09/18/2024 ET)

Datadog - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 30 Analyst Ratings

Based on 30 Wall Street analysts who have issued ratings for Datadog in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 30 analysts, 4 have given a hold rating, 25 have given a buy rating, and 1 has given a strong buy rating for DDOG.

Consensus Price Target

$139.88
23.59% Upside

High Forecast	$160.00
Average Forecast	$139.88
Low Forecast	$98.00

According to the 30 analysts' twelve-month price targets for Datadog, the average price target is $139.88. The highest price target for DDOG is $160.00, while the lowest price target for DDOG is $98.00. The average price target represents a forecasted upside of 23.59% from the current price of $113.18.

Type	Current Forecast 9/19/23 to 9/18/24	1 Month Ago 8/20/23 to 8/19/24	3 Months Ago 6/21/23 to 6/20/24	1 Year Ago 9/19/22 to 9/19/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	25 Buy rating(s)	25 Buy rating(s)	25 Buy rating(s)	23 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$139.88	$139.88	$136.04	$107.45
Forecasted Upside	23.59% Upside	18.98% Upside	19.48% Upside	19.64% Upside

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DDOG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

DDOG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Datadog Stock vs. The Competition

Type	Datadog	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.90	2.64	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	24.60% Upside	162.68% Upside	7.67% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/9/2024	Scotiabank 5 of 5 stars		Lower Target	Sector Outperform ➝ Sector Outperform	$145.00 ➝ $135.00	+20.24%
8/9/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$151.00 ➝ $151.00	+34.69%
8/9/2024	BMO Capital Markets 4 of 5 stars		Lower Target	Outperform ➝ Outperform	$140.00 ➝ $132.00	+18.58%
8/9/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$120.00 ➝ $125.00	+11.68%
8/9/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$155.00 ➝ $155.00	+38.48%
8/9/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$145.00 ➝ $140.00	+24.82%
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8/9/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$165.00 ➝ $140.00	+22.74%
8/7/2024	Monness Crespi & Hardt Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. White Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral
8/1/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Powell Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$143.00	+22.81%
7/22/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	Y. Lee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$150.00 ➝ $150.00	+23.10%
7/16/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Moskowitz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$135.00 ➝ $155.00	+19.77%
7/15/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Materne Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$150.00	+17.37%
7/5/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Y. Kim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$160.00 ➝ $160.00	+21.67%
5/30/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$143.00 ➝ $155.00	+27.38%
5/8/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Walravens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
5/8/2024	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Power Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
5/8/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$130.00 ➝ $140.00	+24.56%
5/6/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$146.00 ➝ $146.00	+17.49%
4/23/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$130.00 ➝ $150.00	+22.88%
4/22/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$152.00	+25.53%
2/23/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$150.00	+13.78%
2/16/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform
2/14/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$140.00 ➝ $150.00	+11.31%
2/14/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$140.00 ➝ $155.00	+17.71%
1/22/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$125.00 ➝ $150.00	+15.11%
11/8/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$100.00 ➝ $110.00	+10.01%
11/8/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$95.00 ➝ $115.00	+12.52%
11/7/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$90.00 ➝ $115.00	+12.52%
10/23/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral
10/2/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$88.00 ➝ $115.00	+26.25%
8/18/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$120.00	+32.91%
8/16/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$127.00 ➝ $133.00	+50.25%
8/9/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$125.00	+44.08%
8/9/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$120.00	+38.31%
5/4/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$85.00 ➝ $90.00	+19.36%
4/5/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$70.00	+5.88%
2/17/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$128.00 ➝ $114.00	+42.52%
2/17/2023	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$105.00	+27.32%
11/4/2022	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$91.00 ➝ $95.00	+26.65%
11/2/2022	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$85.00	+5.20%
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9/22/2022	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Sterling Auty Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$143.00	+51.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 10:38 PM ET.

DDOG Forecast - Frequently Asked Questions

What is Datadog's forecast for 2024?: According to the research reports of 30 Wall Street equities research analysts, the average twelve-month stock price forecast for Datadog is $139.88, with a high forecast of $160.00 and a low forecast of $98.00.
Should I buy or sell Datadog stock right now?: 30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Datadog in the last year. There are currently 4 hold ratings, 25 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DDOG shares.
Does Datadog's stock price have much upside?: According to analysts, Datadog's stock has a predicted upside of 18.98% based on their 12-month stock forecasts.
Has Datadog been upgraded by Wall Street analysts recently?: Over the previous 90 days, Datadog's stock had 3 upgrades by analysts.
What analysts cover Datadog?: Datadog has been rated by research analysts at Barclays, BMO Capital Markets, BTIG Research, Cantor Fitzgerald, Evercore ISI, Loop Capital, Mizuho, Monness Crespi & Hardt, Needham & Company LLC, Royal Bank of Canada, Scotiabank, UBS Group, and Wedbush in the past 90 days.
Do Wall Street analysts like Datadog more than its competitors?: Analysts like Datadog more than other "computer and technology" companies. The consensus rating score for Datadog is 2.90 while the average consensus rating score for "computer and technology" companies is 2.64. Learn more on how DDOG compares to other companies.