Datadog, Inc. (DDOG)
NASDAQ: DDOG · IEX Real-Time Price · USD
131.75
+1.25 (0.96%)
At close: Jul 2, 2024, 4:00 PM
131.74
-0.01 (-0.01%)
After-hours: Jul 2, 2024, 7:59 PM EDT
Datadog Stock Forecast
Stock Price Forecast
The 29 analysts with 12-month price forecasts for Datadog stock have an average target of 134.76, with a low estimate of 98 and a high estimate of 165. The average target predicts an increase of 2.28% from the current stock price of 131.75.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Datadog stock from 30 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 8 | 8 | 8 | 8 | 8 |
| Buy | 17 | 17 | 17 | 18 | 18 | 18 |
| Hold | 9 | 7 | 7 | 5 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 1 |
| Total | 35 | 32 | 32 | 31 | 29 | 30 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $165 | Strong Buy | Reiterates | $165 | +25.24% | Jun 27, 2024 |
| Wedbush | Wedbush | Buy Reiterates $155 | Buy | Reiterates | $155 | +17.65% | Jun 26, 2024 |
| Monness, Crespi, Hardt | Monness, Crespi, Hardt | Hold → Strong Sell Downgrades $98 | Hold → Strong Sell | Downgrades | $98 | -25.62% | Jun 14, 2024 |
| B of A Securities | B of A Securities | Hold → Strong Buy Upgrades $143 → $155 | Hold → Strong Buy | Upgrades | $143 → $155 | +17.65% | May 30, 2024 |
| Needham | Needham | Strong Buy Reiterates $165 | Strong Buy | Reiterates | $165 | +25.24% | May 15, 2024 |
Financial Forecast
Revenue This Year
2.66B
from 2.13B
Increased by 25.17%
Revenue Next Year
3.27B
from 2.66B
Increased by 22.75%
EPS This Year
1.61
from 0.14
Increased by 1,049.34%
EPS Next Year
1.95
from 1.61
Increased by 20.91%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.9B | 3.8B | 4.9B | 5.7B | 7.1B |
| Avg | 2.7B | 3.3B | 4.2B | 5.3B | 6.5B |
| Low | 2.5B | 3.0B | 3.6B | 4.8B | 5.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 34.8% | 42.0% | 50.6% | 37.4% | 33.6% |
| Avg | 25.2% | 22.7% | 27.2% | 27.0% | 22.2% |
| Low | 19.3% | 11.8% | 10.0% | 14.2% | 10.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.25 | 3.49 | 4.61 | 4.48 | 5.48 |
| Avg | 1.61 | 1.95 | 2.58 | 3.58 | 4.60 |
| Low | 1.28 | 1.58 | 1.96 | 2.84 | 3.47 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1,505.0% | 116.6% | 136.9% | 73.9% | 53.2% |
| Avg | 1,049.3% | 20.9% | 32.5% | 38.8% | 28.6% |
| Low | 817.0% | -1.9% | 0.7% | 10.2% | -3.0% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.