UBS analyst Karl Keirstead has revised the price target for Datadog (DDOG, Financial), reducing it from $164 to $120. Despite this adjustment, UBS maintains a Buy rating on the shares. The decision to lower the target reflects the firm's assessment of Datadog's ongoing cost control measures, which are impacting its financial forecasts.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 33 analysts, the average target price for Datadog Inc (DDOG, Financial) is $152.37 with a high estimate of $200.00 and a low estimate of $119.00. The average target implies an upside of 65.84% from the current price of $91.88. More detailed estimate data can be found on the Datadog Inc (DDOG) Forecast page.
Based on the consensus recommendation from 43 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 $181.77, suggesting a upside of 97.83% from the current price of $91.88. 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.
