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Added to YB: 2024-02-19

Pitch date: 2024-02-17

DDOG [neutral]

Datadog, Inc.

+14.06%

current return

Author Info

Company Info

Datadog, Inc. operates an observability and security platform for cloud applications in the United States and internationally.

Market Cap

$56.1B

Pitch Price

$128.00

Price Target

N/A

Dividend

N/A

EV/EBITDA

759.28

P/E

516.44

EV/Sales

16.58

Sector

Software

Category

growth

Show full summary:
Ironside Equity Research: Datadog, Inc. - $DDOG

DDOG Q4 rev $589M (+26% YoY), beat $568M est. FY24 guide implies 20% rev growth to $2.56B, a slowdown from FY23's $2.13B. Trades at 76x forward earnings & 70x EV/EBITDA, down from 300x peaks. High valuation in question as growth slows & rates rise.

Read full article (1 min)