Datadog: Difficult To Justify This Valuation
DDOGDatadog(DDOG) Seeking Alpha·2024-08-09 22:13

yucelyilmaz/iStock via Getty Images For the entirety of its life as a public company, Datadog (NASDAQ:DDOG) has only ever been one type of stock: "high quality for a high price." This Wall Street darling has been one of the few companies to rarely crack, as it continues to print gravity-defying revenue growth each quarter that shows barely any deceleration. For these merits, Datadog has consistently maintained a very high valuation multiple. But the key question for investors amid the current market correct ...