RBC Capital analyst Matthew Hedberg maintained a Hold rating on Datadog (NASDAQ:DDOG) on Friday, setting a price target of $85, which is approximately 10.42% below the present share price of $94.89.
Hedberg expects Datadog to post earnings per share (EPS) of $0.00 for the fourth quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Datadog, with an average price target of $107.2.
The analysts price targets range from a high of $140 to a low of $80.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $140.01 million and a net profit of $654 thousand. The company's market cap is $28.78 billion.
According to TipRanks.com, RBC Capital analyst Matthew Hedberg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 26.9% and a 72.78% success rate.
Datadog, Inc. engages in the development of monitoring and analytics platform for developers, information technology operations teams and business users. Its platform integrates and automates infrastructure monitoring, application performance monitoring and log management to provide real-time observability of its customers' entire technology stack. The company was founded by Olivier Pomel and Alexis Lê-Quôc on June 4, 2010 and is headquartered in New York, NY.