Monness analyst Brian White maintains $Datadog (DDOG.US)$ with a buy rating, and maintains the target price at $155.
According to TipRanks data, the analyst has a success rate of 69.2% and a total average return of 19.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Datadog (DDOG.US)$'s main analysts recently are as follows:
The firm's analysis suggests a need for a cautious, selective approach to software entering 2025, influenced by second half weighted share performance in 2024 and a seasonally challenging Q1. However, expectations are for an acceleration in the sector in the latter half of 2025, likely driven by increased contributions from AI and positive adjustments to conservative guidance.
The year 2025 is anticipated to be promising for the software sector, benefiting from several catalysts according to industry analysis. Stabilized and, in some instances, improved spending trends, coupled with the potential of generative artificial intelligence to spur new innovations, are key factors. Additionally, the first half of 2025's forecasts are likely to be positively influenced by easy comparisons and an emphasis on growth by management teams.
Note:
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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.
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