Datadog, Inc. (NASDAQ:DDOG) is set to announce its earnings results for the third quarter on Thursday, November 6, just before the market opens. Analysts predict that the New York-based technology firm will report earnings of 46 cents per share, which would be consistent with the results from the same quarter last year. Revenue expectations for the company stand at approximately $852.27 million, a significant increase from $690.02 million reported a year prior, according to data from Benzinga Pro.
In a positive turn earlier in August, Datadog raised its full-year 2025 guidance, which may contribute to investors’ optimism as they await the upcoming earnings report. However, shares of Datadog saw a slight decline of 1.6%, closing at $154.98 on Wednesday.
Recently, several analysts have provided updates on their ratings for Datadog. Blair Abernethy from Rosenblatt maintains a Buy rating with a price target of $170, reflecting an accuracy rate of 76%. Additionally, Gray Powell from BTIG has also kept a Buy rating but has increased his target price from $169 to $184, showing a higher accuracy rate of 78%. Ittai Kidron of Oppenheimer continues to rate Datadog as Outperform, adjusting his price target from $165 to $195, corroborated by a 74% accuracy. Karl Keirstead of UBS reiterated a Buy rating with a lifted target from $165 to $189, and Bernstein’s Peter Weed also sees an Outperform potential, with his target rising from $147 to $170.
With positive analyst sentiments and an optimistic outlook ahead, many investors may find Datadog an attractive addition to their portfolios.