Datadog Inc (NASDAQ: DDOG): Analyst View Points To Future Growth

Datadog Inc (DDOG) concluded trading on Wednesday at a closing price of $150.20, with 4.24 million shares of worth about $637.15 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.39% during that period and on December 18, 2024 the price saw a loss of about -4.28%. Currently the company’s common shares owned by public are about 312.92M shares, out of which, 301.22M shares are available for trading.

Stock saw a price change of -4.01% in past 5 days and over the past one month there was a price change of 19.23%. Year-to-date (YTD), DDOG shares are showing a performance of 23.74% which increased to 21.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $98.80 but also hit the highest price of $170.08 during that period. The average intraday trading volume for Datadog Inc shares is 4.38 million. The stock is currently trading -3.13% below its 20-day simple moving average (SMA20), while that difference is up 8.82% for SMA50 and it goes to 21.12% higher than SMA200.

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Datadog Inc (NASDAQ: DDOG) currently have 312.92M outstanding shares and institutions hold larger chunk of about 75.70% of that.

The stock has a current market capitalization of $51.03B and its 3Y-monthly beta is at 1.12. PE ratio of stock for trailing 12 months is 278.05, while it has posted earnings per share of $0.54 in the same period. Its PEG reads 13.30 and has Quick Ratio of 2.10 while making debt-to-equity ratio of 0.37. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DDOG, volatility over the week remained 3.41% while standing at 3.73% over the month.

Stock’s fiscal year EPS is expected to rise by 34.22% while it is estimated to increase by 14.09% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Macquarie on December 12, 2024 offering an Outperform rating for the stock and assigned a target price of $200 to it. Coverage by BMO Capital Markets stated Datadog Inc (DDOG) stock as an Outperform in their note to investors on November 08, 2024, suggesting a price target of $145 for the stock. On November 07, 2024, Monness Crespi & Hardt Upgrade their recommendations, while on October 25, 2024, BMO Capital Markets Reiterated their ratings for the stock with a price target of $135. Stock get a Buy rating from UBS on October 18, 2024.

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