Datadog (DDOG) Stock Forecast & Price Target

$154.39 -2.24 (-1.43%)

(As of 11/26/2024 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 29 Analyst Ratings

Sell
1

Hold
1

Buy
27

Based on 29 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 29 analysts, 1 has given a sell rating, 1 has given a hold rating, 25 have given a buy rating, and 2 have given a strong buy rating for DDOG.

Consensus Price Target

$150.96
-2.22% Downside

According to the 29 analysts' twelve-month price targets for Datadog, the average price target is $150.96. The highest price target for DDOG is $165.00, while the lowest price target for DDOG is $133.00. The average price target represents a forecasted downside of -2.22% from the current price of $154.39.

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DDOG Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	25 Buy rating(s)	26 Buy rating(s)	25 Buy rating(s)	21 Buy rating(s)
Hold	1 Hold rating(s)	2 Hold rating(s)	4 Hold rating(s)	8 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$150.96	$142.54	$139.88	$109.17
Forecasted Upside	-2.22% Downside	12.59% Upside	23.33% Upside	-2.45% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	2.97	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-3.62% Downside	526.05% Upside	6.38% Upside
News Sentiment Rating	Positive News See Recent DDOG News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/19/2024	TD Cowen 4 of 5 stars		Reiterated Rating	Buy ➝ Buy	$165.00 ➝ $165.00	+27.90%
11/8/2024	Rosenblatt Securities 3 of 5 stars		Boost Target	Buy ➝ Buy	$140.00 ➝ $148.00	+18.92%
11/8/2024	Citigroup 3 of 5 stars		Boost Target	Buy ➝ Buy	$150.00 ➝ $157.00	+26.12%
11/8/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$140.00 ➝ $155.00	+24.52%
11/8/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Luria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$140.00 ➝ $150.00	+21.51%
11/8/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$135.00 ➝ $145.00	+11.72%
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11/8/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$140.00 ➝ $150.00	+15.57%
11/8/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Outperform ➝ Sector Outperform	$135.00 ➝ $133.00	+2.47%
11/7/2024	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	Neutral ➝ Buy	$155.00	+19.40%
10/21/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$157.00 ➝ $151.00	+19.54%
10/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Underperform ➝ Underperform
10/17/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Ives Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Buy ➝ Strong-Buy
10/8/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Degasperi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$150.00	+22.57%
8/9/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$151.00 ➝ $151.00	+34.69%
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%
8/1/2024	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
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%
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%
8/9/2023	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%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 05:40 PM ET.

Should I Buy Datadog Stock? DDOG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, November 24, 2024. Please send any questions or comments about these Datadog pros and cons to contact@marketbeat.com.

Datadog
Bull Case

Here are some ways that investors could benefit from investing in Datadog, Inc.:

Recent stock performance shows a significant increase, with the current stock price at $154.83, reflecting a 7.6% rise in a single trading session, indicating strong market interest and potential for further growth.
Analyst upgrades have been frequent, with several firms raising their price targets, including DA Davidson increasing their target from $140.00 to $150.00, suggesting confidence in the company's future performance.
Datadog, Inc. has a robust market capitalization of $52.60 billion, which positions it well within the tech sector, providing stability and potential for continued investment.
The company operates an observability and security platform for cloud applications, a sector that is experiencing rapid growth as businesses increasingly rely on cloud technology.
Insider transactions indicate confidence from company leadership, with significant share sales by executives, which can be interpreted as a strategic move to capitalize on current stock performance while still retaining substantial ownership.

Datadog
Bear Case

Investors should be bearish about investing in Datadog, Inc. for these reasons:

The high P/E ratio of 292.14 suggests that the stock may be overvalued compared to its earnings, which could pose a risk if the company's growth does not meet investor expectations.
Insider sales have totaled 541,491 shares valued at approximately $68.9 million over the last quarter, which may raise concerns about the executives' confidence in the company's future performance.
Despite positive analyst ratings, there is still one sell rating among the analysts, indicating that not all market experts are optimistic about the stock's trajectory.
The stock has experienced significant volatility, as evidenced by its 52-week range of $98.80 to $155.42, which may deter risk-averse investors.
Recent downgrades in price targets by firms like Needham & Company LLC, which lowered their target from $165.00 to $140.00, could signal potential challenges ahead for the company.

DDOG Forecast - Frequently Asked Questions

: According to the research reports of 29 Wall Street equities research analysts, the average twelve-month stock price forecast for Datadog is $150.96, with a high forecast of $165.00 and a low forecast of $133.00.
: 29 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Datadog in the last twelve months. There is currently 1 sell rating, 1 hold rating, 25 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DDOG shares.
: According to analysts, Datadog's stock has a predicted downside of -2.22% based on their 12-month stock forecasts.
: Over the previous 90 days, Datadog's stock had 4 upgrades by analysts.
: Datadog has been rated by research analysts at Barclays, BMO Capital Markets, BNP Paribas, Citigroup, DA Davidson, Monness Crespi & Hardt, Robert W. Baird, Rosenblatt Securities, Sanford C. Bernstein, Scotiabank, TD Cowen, UBS Group, and Wedbush in the past 90 days.
: Analysts like Datadog more than other "computer and technology" companies. The consensus rating score for Datadog is 2.97 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how DDOG compares to other companies.

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This page (NASDAQ:DDOG) was last updated on 11/26/2024 by MarketBeat.com Staff

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Datadog (DDOG) Stock Forecast & Price Target