Jefferies analyst Brent Thill maintains $Datadog (DDOG.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 55.2% and a total average return of 5.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Datadog (DDOG.US)$'s main analysts recently are as follows:
The analyst suggests a cautious, selective approach to software heading into 2025, influenced by a combination of second-half weighted share performance in 2024 and a typically challenging first quarter. However, it's anticipated that the sector will gain momentum in the latter half of 2025, potentially driven by more contributions from AI and positive revisions based on conservative guidance.
The year 2025 is anticipated to be favorable for the software sector, which might enjoy multiple catalysts. Stabilized and in some instances improved spending trends, along with the potential of generative artificial intelligence to spur new innovations, are highlighted as positive indicators. Additionally, the first half of the year's estimates might see a benefit from easier comparisons as management teams prioritize growth. Among the preferred stocks, there are favorites in large-cap, mid-cap, small-cap categories, and several 'non-consensus ideas' that offer unique opportunities.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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