Datadog's High Potential Upside And Risks: Why The Stock Is A Hold Now [Seeking Alpha]
Datadog, Inc. - Class A (DDOG)
Last datadog, inc. - class a earnings: 2/13 04:10 pm
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Source: Seeking Alpha
The company's observability platform helps reduce complexity in cloud computing and saves organization's time and money. Despite a strong fourth quarter earnings report, the stock dropped due to disappointing revenue and earnings forecasts. Datadog NASDAQ: DDOG ) is one of the biggest beneficiaries of digital transformation and companies moving to the cloud. Additionally, the proliferation of the Internet of Things ("IoT") and edge computing is driving a massive increase in machine-generated data, a secular trend that could potentially drive significant future revenue growth for the company's observability platform. The company displayed its upside potential last year when, despite heavy cloud optimization trends in 2023, it released a third-quarter earnings report crushing analysts' earnings estimates for the quarter and included a full-year 2023 guidance raise. JPMorgan upgraded the stock to overweight . The stock rose 28.50%, helping it outperform many Software-as-a-Service ("
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DDOG
News
- Datadog jumps following impressive earnings from one of its biggest partners [Seeking Alpha]Seeking Alpha
- 2 No-Brainer Stocks to Buy Now With $200 and Hold Long Term [Yahoo! Finance]Yahoo! Finance
- Why Is Datadog (DDOG) Stock Rocketing Higher Today [Yahoo! Finance]Yahoo! Finance
- Datadog, Inc. (NASDAQ: DDOG) was upgraded by analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating. They now have a $150.00 price target on the stock, up previously from $130.00.MarketBeat
- Datadog (DDOG) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
DDOG
Earnings
- 2/13/24 - Beat
DDOG
Sec Filings
- 4/25/24 - Form 4
- 4/24/24 - Form 144
- 4/23/24 - Form 144
- DDOG's page on the SEC website