Scotiabank analyst Patrick Colville maintains $Datadog (DDOG.US)$ with a buy rating, and adjusts the target price from $135 to $133.
According to TipRanks data, the analyst has a success rate of 52.6% and a total average return of 0.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Datadog (DDOG.US)$'s main analysts recently are as follows:
The company's Q3 performance highlights its commendable growth with profitability and capital efficiency. The expectation remains positive regarding the company's potential for market and wallet share expansion in light of a favorable competitive environment and increasing interest in consolidation.
Datadog continues to exhibit top-tier growth within the current market context, maintaining a consistent pace over the past several quarters.
The firm reported that Datadog delivered strong Q3 results, which included better-than-expected revenue and margins, leading to a modest increase in their full-year guidance.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
