Datadog Stock Review

Airbnbase -

February 16, 2022 – Datadog (DDOG) - developer of monitoring and security platform for cloud applications, breaks all records.

  1. Revenue increased to $326.2m (+83.8% y/y)
  2. EPS up $0.06 to $0.20
Datadog Stock Forecast

Datadog Growth Drivers

  • Expansion of large customer base. 2010 (+63.7%) clients with ARR over $100k. 216 (vs. 101 previously) clients with ARR over $1 mln. Retention rate of over 130% due to the frequency of use of the company's existing products, as well as clients' switching to new Datadog solutions.
  • New services - confidential data scanner. The scanner helps to detect, classify and protect sensitive data, thereby complying with regulatory requirements.
  • Management's revenue forecast beats analysts' consensus.

The target price range is $190 - $250 per share. Analyst Rating Consensus – Strong Buy.

Where to Buy Datadog DDOG Stocks?

You can buy Datadog stocks via Freedom24 platform. Or if you're from the US use a trading app like eToro.