Datadog, Inc. (DDOG)
NASDAQ: DDOG · IEX Real-Time Price · USD
122.58
+1.29 (1.06%)
May 21, 2024, 10:25 AM EDT - Market open
Datadog Stock Forecast
Stock Price Forecast
The 28 analysts with 12-month price forecasts for Datadog stock have an average target of 134.29, with a low estimate of 100 and a high estimate of 165. The average target predicts an increase of 9.55% from the current stock price of 122.58.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Datadog stock from 29 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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 9 | 8 | 8 | 8 | 7 |
| Buy | 16 | 17 | 17 | 17 | 18 | 18 |
| Hold | 9 | 9 | 7 | 7 | 5 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 33 | 35 | 32 | 32 | 31 | 29 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $165 | Strong Buy | Reiterates | $165 | +34.61% | May 15, 2024 |
| Wedbush | Wedbush | Buy Reiterates $155 | Buy | Reiterates | $155 | +26.45% | May 9, 2024 |
| Barclays | Barclays | Buy Maintains $152 → $145 | Buy | Maintains | $152 → $145 | +18.29% | May 8, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $155 → $140 | Buy | Maintains | $155 → $140 | +14.21% | May 8, 2024 |
| Baird | Baird | Hold → Buy Upgrades $130 → $140 | Hold → Buy | Upgrades | $130 → $140 | +14.21% | May 8, 2024 |
Financial Forecast
Revenue This Year
2.63B
from 2.13B
Increased by 23.62%
Revenue Next Year
3.24B
from 2.63B
Increased by 23.30%
EPS This Year
1.50
from 0.14
Increased by 969.43%
EPS Next Year
1.89
from 1.50
Increased by 26.23%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.9B | 3.9B | 5.1B | 5.7B | 7.0B |
| Avg | 2.6B | 3.2B | 4.2B | 5.3B | 6.5B |
| Low | 2.5B | 2.9B | 3.6B | 4.8B | 5.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 37.4% | 48.0% | 56.3% | 34.9% | 31.8% |
| Avg | 23.6% | 23.3% | 29.9% | 26.4% | 22.3% |
| Low | 17.8% | 11.7% | 11.2% | 13.3% | 10.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.18 | 3.03 | 3.98 | 4.15 | 5.10 |
| Avg | 1.50 | 1.89 | 2.52 | 3.39 | 4.42 |
| Low | 1.35 | 1.56 | 1.96 | 2.61 | 3.31 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1,460.0% | 102.7% | 110.6% | 64.9% | 50.5% |
| Avg | 969.4% | 26.2% | 33.1% | 34.8% | 30.4% |
| Low | 866.0% | 4.1% | 3.7% | 3.6% | -2.3% |
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.