Morgan Stanley analyst Sanjit Singh has raised the price target for Datadog (DDOG, Financial) from $115.00 to $165.00, reflecting a significant increase of 43.48%. This adjustment is a noteworthy change in the investment community's outlook on the company's potential market value.
The rating for Datadog (DDOG, Financial) remains at 'Equal-Weight', as maintained by Morgan Stanley. The consistency in the rating indicates that while the price target has been adjusted, the overall expectations for the company's performance measured against the industry benchmark remain stable.
Investors tracking Datadog (DDOG, Financial) on the NASDAQ exchange should note this updated target as it may influence market actions and sentiment surrounding the stock in the upcoming period.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 39 analysts, the average target price for Datadog Inc (DDOG, Financial) is $140.93 with a high estimate of $200.00 and a low estimate of $105.00. The average target implies an downside of 1.28% from the current price of $142.75. More detailed estimate data can be found on the Datadog Inc (DDOG) Forecast page.
Based on the consensus recommendation from 44 brokerage firms, Datadog Inc's (DDOG, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Datadog Inc (DDOG, Financial) in one year is $183.78, suggesting a upside of 28.74% from the current price of $142.75. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Datadog Inc (DDOG) Summary page.
