Datadog's (DDOG) price target has been raised by Mizuho analyst Gregg Moskowitz to $145, up 16% from the previous $125 target. The average one-year target price from 39 analysts is $142.85, with a high estimate of $200 and a low of $105. The average brokerage recommendation is 2.0, indicating an "Outperform" status. GuruFocus estimates a one-year GF Value of $183.78, suggesting a 30.75% upside from the current price.
Datadog Inc. (DDOG) has seen a significant update in its stock valuation, as Mizuho analyst Gregg Moskowitz has raised the price target to $145, up 16% from the previous $125 target [1]. This move reflects a strong bullish sentiment from the analyst and underscores confidence in Datadog's potential growth and market performance.
The average one-year price target from 39 analysts stands at $142.85, with a high estimate of $200 and a low of $105 [1]. This consensus indicates a favorable outlook for the stock, suggesting an average upside of 1.63% from the current price of $140.56. The average brokerage recommendation from 44 firms is 2.0, indicating an "Outperform" status [1].
GuruFocus estimates a one-year GF Value of $183.78 for Datadog Inc., which suggests a potential 30.75% upside from the current price of $140.56 [1]. This estimate is based on historical multiples, past business growth, and future performance expectations.
The recent inclusion of Datadog in the S&P 500 index has also contributed to its stock's surge, with a remarkable 76% increase over the past three months [3]. However, the stock is currently trading at an expensive valuation, with a price-to-sales ratio of 20 and a trailing earnings multiple of 330 [3]. The company's growth could accelerate due to the rising adoption of artificial intelligence (AI) applications, which could justify its high valuation.
References:
[1] https://www.gurufocus.com/news/2981413/datadog-ddog-price-target-raised-by-mizuho-to-145--ddog-stock-news
[3] https://www.aol.com/artificial-intelligence-ai-stock-surging-000000670.html
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