I remain bearish on Datadog due to its stretched valuation, especially after its S&P 500 inclusion. The upcoming Q2 earnings (August 7) are likely to pull Datadog downward. Datadog trades at a significant premium to peers despite similar or slower growth, with little justification for its elevated multiples. Key risks for Q2 include potential revenue deceleration and declining operating margins, threatening its Rule of 40 status.
Datadog (DDOG) closed the most recent trading day at $146.56, moving +1.78% from the previous trading session.
Datadog (DDOG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
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Datadog, Inc. (DDOG) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, DDOG's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.
Datadog (DDOG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Datadog (DDOG) concluded the recent trading session at $138.81, signifying a +1.05% move from its prior day's close.
It's tough to predict which high-growth firms are capable of doubling up. And while it may make sense to look to the past for a hint of what could come in the future, I do think that chasing high-momentum stocks with the expectations of “more of the same” is just a recipe for disappointment.
Zacks.com users have recently been watching Datadog (DDOG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Datadog stock has surged ahead of its addition to the S&P 500.
The latest trading day saw Datadog (DDOG) settling at $152.41, representing a -1.77% change from its previous close.
The S&P 500 is going through a bit of a changeup. The stock market index announced on Wednesday, July 2, that it's adding Datadog (NASDAQ: DDOG), a software company, to its lineup.