- Datadog (DDOG, Financial) strengthens its position in AI and data monitoring through the acquisition of Metaplane.
- Analyst predictions suggest significant upside potential for Datadog's stock price.
- Current brokerage consensus rates Datadog as "Outperform."
Datadog (DDOG), a leading data monitoring giant, has made strategic moves to enhance its artificial intelligence capabilities by acquiring the software company Metaplane. This acquisition aligns seamlessly with Datadog’s well-established strategy of strengthening its capability to manage AI workloads effectively. Following this development, Datadog's shares experienced a notable increase, climbing over 4.3%.
Analyst Price Target Projections
Datadog Inc (DDOG, Financial) is forecasted to see exciting growth, according to insights from 33 Wall Street analysts. The average target price is projected at $144.04, with estimates ranging from a high of $175.00 to a low of $87.00. This average target represents a potential upside of 50.91% from the current market price of $95.45. For investors seeking more detailed data on these projections, further insights are available on the Datadog Inc (DDOG) Forecast page.
Brokerage Recommendations
Amidst various evaluations, Datadog Inc (DDOG, Financial) holds an encouraging "Outperform" status based on consensus recommendations from 43 brokerage firms. This average brokerage recommendation, rated at 2.0, situates itself on a scale where 1 represents Strong Buy and 5 denotes Sell, emphasizing a positive outlook from the investment community.
GF Value Estimation
According to GuruFocus estimates, the GF Value of Datadog Inc (DDOG, Financial) is estimated to reach $181.47 in one year, indicating a potential upside of 90.13% from its current price of $95.45. This value estimation reflects what GuruFocus believes the stock should be worth, based on historical trading multiples, past growth, and projections for future business performance. Investors can explore more in-depth data and analysis on the Datadog Inc (DDOG) Summary page.
