Can Buying Datadog Inc (NASDAQ: DDOG) Still Be Worthwhile?

Datadog Inc (NASDAQ:DDOG) does about 3.64M shares in volume on a normal day but saw 3636972 shares change hands in Friday’s trading. The company now has a market cap of 36.62B USD. Its current market price is $109.47, marking a decrease of -0.14% compared to the previous close of $109.62. The 52 week high reached by this stock is $138.61 whilst the lowest price level in 52 weeks is $77.81.

Datadog Inc (DDOG) has a 20-day trading average at $117.22 and the current price is -21.02% off the 52-week high compared with 40.69% distance from its 52-week low. The 50-day simple moving average of the closing price is $121.49 and its 200-day simple moving average is $113.21. If we look at the stock’s price movements over the week, volatility stands at 2.75%, which increases to 2.79% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 34.12 to suggest the stock is neutral.

The consensus objective for the share price is $144.95, suggesting that the stock has a potential upside of 24.48% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 30, 2024 when BofA Securities upgraded the stock to “Buy” and issued a price target of between $143 and $155. Robert W. Baird also upgraded the stock to “Outperform” from Neutral on May 08, 2024 at a price target of $130-$140. Wells Fargo upgraded its price target at $130-$150.

Datadog Inc (DDOG) stock is down -0.64% over the week and -6.66% over the past month. Its price is -9.81% year-to-date and 16.97% over the past year.

To reach the target analysts have set, the stock logically needs to grow 24.48 percent from here.

The company has a return on investment of 3.68% and return on equity of 6.21%. The price to earnings ratio (P/E ratio) amounts to 337.04 while the forward price to earnings ratio is 58.14. The beta has a value of 1.09. Price to book ratio is 16.60 and price to sales ratio is 16.22.