Datadog (NASDAQ:DDOG) shares continued gains for seven straight sessions, as the stock closed 0.6% higher at $130.5 on Monday.
The New York City-based software vendor gained more than 10% in the preceding six sessions. The stock has gained about 7% in the last one year, compared to the over 14% rise in the broader S&P 500 Index.
DDOG is up 12% over the past one month. The stock closed 0.9% higher on Friday at $129.69.
Looking at Seeking Alpha’s Quant Rating, DDOG has a Hold rating with a score of 3.37 out of 5. The company received A – in the prospect of profitability, while it received F for valuation.
Turning to the Wall Street community, 33 analysts gave DDOG a Buy and above. Eight analysts have given the stock a Hold recommendation, and one recommended Strong Sell.
Seeking Alpha analysts are cautious and see the stock as a Hold.
“The company’s long-term prospects remain strong, with potential for accelerated revenue growth and increased adoption of its AI solutions,” said Seeking Alpha analyst Bert Hochfield, adding that the bookings’ growth is being driven by the company’s platform strategy is resonating strongly with users.
However, another Seeking Alpha analyst Uttam Dey pointed out that despite strong fundamentals and outlook, Datadog appears fully priced, leading to a Hold rating with potential for future upside based on AI integration and operating leverage.
