Added to YB: 2024-05-13
Pitch date: 2024-05-08
DDOG [bullish]
Datadog, Inc.
-1.36%
current return
Author Info
No bio for this author
Company Info
Datadog, Inc. operates an observability and security platform for cloud applications in the United States and internationally.
Market Cap
$41.8B
Pitch Price
$118.11
Price Target
152.00 (+30%)
Dividend
N/A
EV/EBITDA
509.41
P/E
384.87
EV/Sales
11.26
Sector
Software
Category
growth
Datadog Eyes Robust Growth Trajectory (Bernstein)
DDOG Q1: Missed lofty expectations on AWS read-thru, leap year, RPO seasonality. Still set for >30% exit '24 growth (low 30s% '25) as cloud headwinds abate, NRR rises, large deals inflect. AI lab work driving hyperscaler strength near-term, production apps later. Raised FY guide shows confidence. 30%+ margins, Rule-of-40 to 60 in '25 as revenue beats. $152 PT at Bernstein.
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