Barclays equity analysts lowered their price objective for Datadog (NASDAQ: DDOG), bringing it down from $98.00 to $83.00, as stated in a research note published on Tuesday. According to the findings of an analysis conducted by Barclays, the share price of the company could experience a gain of 25.87% in comparison to its most recent closing price.
Other research analysts from various companies have recently shared their observations about the company. Oppenheimer upgraded Datadog from “market perform” to “outperform” in a research note published on Wednesday, December 14, and set a target price of $105.00 for the company. On Thursday, September 22, work began on the Moffett Nathanson report on Datadog. They recommend purchasing the company’s stock and have set a price target of $143 for it. The “buy” rating that they have assigned to the company In a research report that was published on Monday, October 17, Royal Bank of Canada lowered both its “outperform” rating and its target price for Datadog, which had previously been set at $125.00, to $105.00. Trust Financial stated in a report made public on October 26 that they have decreased their target price for Datadog from $155.00 to $120.00. The report was published online. The following day, on Tuesday, October 11, coverage of Datadog began in a report prepared by Wells Fargo & Company. They provided the business with an “overweight” rating and projected a price of $120.00 per share for the stock going forward. They explained their choice by stating that it was derived from their situation evaluation. Twenty-four different financial analysts have given the company a buy recommendation, while only five have recommended that investors hold onto their shares. The stock is currently rated as having a consensus of “Moderate Buy,” with a price goal of $117.15, as indicated by the data provided by Bloomberg.
On Tuesday, the cost of purchasing a share of DDOG stock was $65.94 per share. The stock’s simple moving average over the past 50 days is $74.12, and its simple moving average over the past 200 days is $88.90. Datadog’s stock reached a 52-week high of $184.70 and a 52-week low of $61.34 during the period covered by this report. There is a debt-to-equity ratio of 0.57, a quick ratio of 3.23, and a current ratio that is the same as the quick ratio. The company’s stock carries a price-to-earnings ratio of -1,318.80 and a beta value of 1.02. The market capitalization of the company is $20.94 billion.
On November 3, the most recent earnings report for Datadog, which is publicly traded and can be found under the NASDAQ: DDOG, was made available to the public. The company reported earnings per share of $0.06, which was $0.02 more than the average estimate for the period, which was $0.08 per share for the company’s earnings. Datadog had a negative net margin of 0.91%, while the return on equity for the company was positive at 0.60%. Even though market analysts predicted that the company would bring in revenue of $412.15 million during the quarter, it brought in revenue of $436.53 million. Sell-side analysts anticipate Datadog will incur a loss of -0.1 cents on each share over the current fiscal year. This loss will occur throughout the company’s opera.