Datadog (DDOG) Stock Forecast & Price Target

$113.98

-1.08 (-0.94%)

(As of 10/1/2024 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 31 Analyst Ratings

Sell
0

Hold
4

Buy
27

Based on 31 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 31 analysts, 4 have given a hold rating, 26 have given a buy rating, and 1 has given a strong buy rating for DDOG.

Consensus Price Target

$139.89
22.73% Upside

According to the 31 analysts' twelve-month price targets for Datadog, the average price target is $139.89. 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 22.73% from the current price of $113.98.

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DDOG Analyst Ratings Over Time

Type	Current Forecast 10/2/23 to 10/1/24	1 Month Ago 9/2/23 to 9/1/24	3 Months Ago 7/4/23 to 7/3/24	1 Year Ago 10/2/22 to 10/2/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	26 Buy rating(s)	25 Buy rating(s)	25 Buy rating(s)	22 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	$139.89	$139.88	$136.04	$106.94
Forecasted Upside	22.73% Upside	20.32% Upside	3.45% Upside	16.44% Upside
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	2.90	2.65	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	22.73% Upside	1,683.85% Upside	6.86% 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
10/1/2024	DA Davidson 3 of 5 stars		Upgrade	Neutral ➝ Buy	$115.00 ➝ $140.00	+21.68%
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 Subscribe to MarketBeat All Access for the recommendation accuracy rating		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%
Get the Latest News and Ratings for DDOG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Datadog and its competitors with MarketBeat's FREE daily newsletter.
8/9/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$145.00 ➝ $140.00	+24.82%
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%
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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Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 12:23 AM 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 Tuesday, September 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.:

Datadog, Inc. reported earnings per share of $0.43 for the last quarter, beating the consensus estimate by $0.06. This indicates strong financial performance.
The company's revenue for the quarter was $645.28 million, surpassing the consensus estimate of $624.92 million, showing robust revenue growth.
Analysts have given Datadog, Inc. an average rating of "Moderate Buy" with a consensus target price of $139.88, suggesting potential for stock price appreciation.
Institutional investors have been increasing their stakes in Datadog, Inc., indicating confidence in the company's future prospects.
Datadog, Inc. operates an observability and security platform for cloud applications, catering to the growing demand for cloud services in the market.

Datadog
Bear Case

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

The stock has a high price-to-earnings (P/E) ratio of 339.53, which may indicate an overvalued stock compared to industry peers.
The P/E/G ratio of 29.66 suggests that the stock may be overpriced relative to its earnings growth potential.
Datadog, Inc. has a beta of 1.11, indicating higher volatility compared to the market average, which may pose risks for investors.
The company's stock price has been fluctuating around the 50-day and 200-day moving averages, potentially signaling uncertainty in the market sentiment towards the stock.
While the company has shown revenue growth, the net margin of 6.81% may be considered low, impacting profitability metrics.

DDOG Forecast - Frequently Asked Questions

: According to the research reports of 31 Wall Street equities research analysts, the average twelve-month stock price forecast for Datadog is $139.89, with a high forecast of $160.00 and a low forecast of $98.00.
: 31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Datadog in the last twelve months. There are currently 4 hold ratings, 26 buy ratings and 1 strong buy rating 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 upside of 22.73% 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, BTIG Research, Cantor Fitzgerald, DA Davidson, 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.
: 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 2.65. Learn more on how DDOG compares to other companies.