Summary:
- Datadog (DDOG, Financial) strengthens its data observability platform by acquiring Metaplane.
- Analysts predict a substantial upside for DDOG, with a potential increase of 57.55% from its current market price.
- GuruFocus projects a significant upside for DDOG, with a GF Value suggesting a 98.5% increase.
Datadog (NASDAQ: DDOG) recently made headlines by acquiring Metaplane, a leading data observability platform that leverages machine learning to enhance data quality monitoring. This strategic acquisition is poised to bolster Datadog's offerings in the rapidly growing field of data observability. The move comes on the heels of several new product developments, demonstrating Datadog's commitment to expanding its technological capabilities. Following the announcement, DDOG shares experienced a premarket rise of 3.63%.
Wall Street Analysts Forecast
Insightful analysis from 33 Wall Street analysts reveals a promising outlook for Datadog Inc (DDOG, Financial). The average one-year price target is pegged at $144.04, with estimates ranging from a high of $175.00 to a low of $87.00. This average target suggests a potential upside of 57.55% from the current share price of $91.42. For more in-depth analysis, visit our Datadog Inc (DDOG) Forecast page.
The consensus among 43 brokerage firms positions Datadog Inc (DDOG, Financial) with an average brokerage recommendation of 2.0, which corresponds to an "Outperform" rating. On the rating scale, a 1 indicates a Strong Buy, while a 5 reflects a Sell signal, reinforcing Datadog's favorable market perception.
GuruFocus' Perspective
From the GuruFocus perspective, the estimated GF Value for Datadog Inc (DDOG, Financial) in one year is $181.47. This valuation suggests a noteworthy potential upside of 98.5% from the current share price of $91.42. The GF Value metric offers a calculated estimate of the stock's fair trading value, derived from historical trading multiples, past business growth, and projected future performance. Additional comprehensive insights are available on our Datadog Inc (DDOG) Summary page.
