Morgan Stanley has revised its price target for Datadog (DDOG, Financial), reducing it from $143 to $115. The investment firm continues to maintain an Equal Weight rating on the company's shares. This adjustment is part of a broader assessment involving numerous software companies, as Morgan Stanley evaluates the potential risks and rewards amid ongoing tariff uncertainties and the current market pricing of these shares.
Datadog, a provider of monitoring and security platforms for cloud applications, is among the firms being scrutinized by Morgan Stanley as part of this evaluation. The adjustment in the price target reflects a cautious approach, considering the potential economic impacts of tariffs that might affect the broader software industry.
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 $150.49 with a high estimate of $200.00 and a low estimate of $115.00. The average target implies an upside of 62.21% from the current price of $92.78. 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 95.93% from the current price of $92.775. 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.
