For Datadog Inc [DDOG], Analyst sees a rise to $140. What next?


Datadog Inc [NASDAQ: DDOG] jumped around 1.72 points on Wednesday, while shares priced at $118.47 at the close of the session, up 1.47%.

Compared to the average trading volume of 3.78M shares, DDOG reached a trading volume of 3523040 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about Datadog Inc [DDOG]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DDOG shares is $144.76 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DDOG stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Robert W. Baird have made an estimate for Datadog Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 08, 2024. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $130 to $150. The new note on the price target was released on April 23, 2024, representing the official price target for Datadog Inc stock. Previously, the target price had yet another raise to $140, while BMO Capital Markets analysts kept a Outperform rating on DDOG stock. On December 07, 2023, analysts increased their price target for DDOG shares from 98 to 140.

The Average True Range (ATR) for Datadog Inc is set at 4.65, with the Price to Sales ratio for DDOG stock in the period of the last 12 months amounting to 17.55. The Price to Book ratio for the last quarter was 17.96, with the Price to Cash per share for the same quarter was set at 8.32. Price to Free Cash Flow for DDOG in the course of the last twelve months was 56.18 with Quick ratio for the last quarter at 3.38.

How has DDOG stock performed recently?

Datadog Inc [DDOG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.01. With this latest performance, DDOG shares dropped by -6.68% in over the last four-week period, additionally plugging by 13.64% over the last 6 months – not to mention a rise of 33.86% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DDOG stock in for the last two-week period is set at 44.78, with the RSI for the last a single of trading hit 44.45, and the three-weeks RSI is set at 45.48 for Datadog Inc [DDOG]. The present Moving Average for the last 50 days of trading for this stock 123.28, while it was recorded at 117.66 for the last single week of trading, and 111.54 for the last 200 days.

Datadog Inc [DDOG]: Deeper insight into the fundamentals

Datadog Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.38 and a Current Ratio set at 3.38.

Earnings analysis for Datadog Inc [DDOG]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DDOG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Datadog Inc go to 14.20%.

Insider trade positions for Datadog Inc [DDOG]

The top three institutional holders of DDOG stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in DDOG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in DDOG stock with ownership which is approximately 5.8386%.