Is Datadog Stock a Buy Now?
(NASDAQ: DDOG) stock experienced a setback following the release of the company's fourth-quarter 2024 results on Feb. 13, despite delivering better-than-expected numbers, as a slowdown in customer spending dented its guidance.
Shares of Datadog, which provides observability and security solutions for cloud applications, were down more than 8% as the company forecasts a decline in its earnings this year. However, its massive addressable market could allow it to regain its momentum once again in the long run. But is the stock attractive enough to buy right now following its recent pullback? Let's find out.
Datadog finished 2024 with a 26% increase in revenue to $2.7 billion, while its earnings shot up 38% from the prior year. So, the company's forecast that its revenue will increase at a slower pace of 18% this year, while earnings could shrink in the high single digits, was enough for investors to press the panic button.
Source Fool.com
Datadog Inc. Stock
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the Datadog Inc. stock is not clear.
With a target price of 175 € there is a positive potential of 44.89% for Datadog Inc. compared to the current price of 120.78 €.
