- Datadog (DDOG, Financial) sees a significant 9% increase in after-hours trading due to its addition to the S&P 500.
- Wall Street analysts set an average one-year price target of $139.50 with potential upside.
- GuruFocus estimates a substantial 36.12% upside based on GF Value metrics.
Datadog (DDOG) experienced a notable 9% surge in after-hours trading upon the announcement of its forthcoming inclusion in the S&P 500, where it will take the place of Juniper Networks. This transition is planned for July 9, aligning with Hewlett Packard Enterprise's acquisition of Juniper. Datadog has gained recognition for its leading cloud monitoring solutions, making this a strategic advancement for the company.
Wall Street Analysts Forecast
According to data from 38 analysts, the average one-year price target for Datadog Inc (DDOG, Financial) stands at $139.50, with estimates ranging from a high of $200.00 to a low of $115.00. This average target indicates a potential upside of 3.33% from the current trading price of $135.01. Investors seeking more detailed predictions can access the Datadog Inc (DDOG) Forecast page.
The consensus from 44 brokerage firms positions Datadog Inc's (DDOG, Financial) average brokerage recommendation at 1.9, suggesting an "Outperform" status. The brokerage rating scale spans from 1, indicating a Strong Buy, to 5, denoting a Sell.
GuruFocus Valuation Analysis
GuruFocus' estimated GF Value for Datadog Inc (DDOG, Financial) over the next year is projected at $183.78, which suggests a potential upside of 36.12% from the current price of $135.01. The GF Value metric is derived from historical multiples and the company's past business growth, alongside future business performance projections. Investors can explore these estimates in detail on the Datadog Inc (DDOG) Summary page.
