Macquarie Analyst Highlights Datadog Ahead of Earnings
Macquarie analyst Steve Koenig identified Datadog as a top pick heading into the upcoming software earnings season, citing potential for growth despite sector-wide valuation pressures.
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UBS has increased its price target for Datadog, Inc. (DDOG) to $320 from $280 while maintaining a Buy rating.
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Macquarie analyst Steve Koenig identified Datadog as a top pick heading into the upcoming software earnings season, citing potential for growth despite sector-wide valuation pressures.
Anthropic released its S-1 filing targeting a $2 trillion valuation ahead of its IPO. While not officially calling itself a SaaS company, Anthropic operates like one with subscription-based products and uses SaaS metrics. At a P/S ratio of 30, it appears attractively valued compared to peers, though it carries unique risks from massive cloud spending commitments. The company's rapid 50% sequential revenue growth and profitability on an adjusted basis support the valuation.
Wells Fargo has increased its price target for Datadog, Inc. shares, moving the target from $295 to $325.