DDOG Stock: Datadog Inc (DDOG) Is Still Worth a Bite

Since the start of the year, Datadog Inc. (NASDAQ: DDOG) shares have soared by 150%. Many citations confirm the company’s position as one of the top players in the analytics market. DDOG shareholders received a positive recommendation from analysts at Truist Securities last week.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


DDOG shares have been rated Buy by Truist Securities, with a target price of $120. Analysts have argued that Datadog’s capabilities surpass its competitors in data monitoring and analysis. In addition to the slow but steady growth in sales, catching up with the demand is another positive factor.

With the DatadogInc (DDOG) platform, you can track application activity, detect issues, and perform scalability on a cloud-based IT platform. Furthermore, the company provides application performance monitoring (APM), network performance management, records management, and other services. IT operations management’s potential market value is estimated at $37 billion by Gartner. Since the company’s sales aren’t even $1 billion, there is a lot of room for growth.

A fourth-quarter report from Datadog is expected to be released by mid-February. The company expects its revenues to rise from 162 million to 164 million, while it expects adjusted earnings of between 0.1 and 0.2 per share. Currently, Wall Street analysts have forecasted the same revenue and earnings figures. It is generally accepted that this forecast is conservative since it considers the risks and uncertainties associated with the COVID-19 pandemic.

Since the beginning of the year, Datadog Inc (DDOG) performance has been positive. DDOG’s stock price has increased 144.65% over the past year, while it has grown by 15.46% over the past six months. However, in the last month, DDOG was down by -4.07%, bringing its quarterly performance to -4.83%. Currently, the performance is down 1.44% for the week.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

Does Gevo Inc. (GEVO) look like a good stock to buy?

HC Wainwright analysts upgraded their outlook for biofuel producer Gevo Inc. (NASDAQ: GEVO) last week. In the past month, the stock gained 20.97%. In...

Identifying Value and Future Vision in LiveRamp Holdings Inc. (RAMP) Stock

Apple's rejection of these cookies is causing major changes at LiveRamp Holdings Inc. (NYSE: RAMP). On February 16, Ramp shares were selling for $70.89...

Related Articles

Does Gevo Inc. (GEVO) look like a good stock to buy?

HC Wainwright analysts upgraded their outlook for biofuel producer Gevo Inc. (NASDAQ: GEVO) last week. In the past month, the stock gained 20.97%. In...

Identifying Value and Future Vision in LiveRamp Holdings Inc. (RAMP) Stock

Apple's rejection of these cookies is causing major changes at LiveRamp Holdings Inc. (NYSE: RAMP). On February 16, Ramp shares were selling for $70.89...

A New Plant In Germany Will Help BioNTechSE (BNTX) Meet the COVID-19 Vaccine Demand

The company BioNTech SE (NASDAQ: BNTX) started producing coronavirus vaccines at a new facility in Germany, which will help it increase production by around...

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the Newsheater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.