Key Highlights:
- Datadog's strategic acquisition of startup Eppo for $220 million marks its third such purchase this year.
- The acquisition news boosted Datadog's stock price by 3.3%.
- Analysts foresee a potential upside of 35.51% with an average price target of $142.98.
Datadog Inc. (DDOG), a prominent player in the cloud software space, has recently completed the acquisition of the startup Eppo for $220 million. This strategic move follows Datadog's recent bid to acquire a competing firm, demonstrating its commitment to expanding its technological capabilities and service offerings. With this being the company's third startup acquisition this year, Datadog continues to strengthen its position in the industry, a fact that didn't go unnoticed by the market as shares surged by 3.3% following the announcement.
Wall Street Analysts Forecast
Wall Street analysts provide a positive outlook for Datadog Inc. The average one-year price target set by 33 analysts stands at $142.98, ranging from a high of $175.00 to a low of $87.00. This average target indicates a potential upside of 35.51% from the current trading price of $105.51. Investors seeking more detailed estimate data can explore this further on the Datadog Inc (DDOG, Financial) Forecast page.
In terms of brokerage recommendations, Datadog Inc. holds an "Outperform" status with an average recommendation score of 2.0 from 43 brokerage firms. The rating system spans from 1 to 5, where 1 represents a "Strong Buy" and 5 indicates a "Sell".
According to GuruFocus estimates, the GF Value of Datadog Inc. in one year is projected at $184.29. This suggests an impressive upside of 74.67% from the current share price of $105.51. The GF Value metric is GuruFocus' fair value estimation, calculated using the stock's historical trading multiples, past business growth, and future business performance forecasts. For more comprehensive insights, the Datadog Inc (DDOG, Financial) Summary page offers extensive data.
