Datadog's (DDOG) stock is not cheap, but the company is highly innovative and showing no signs of slowing down. To illustrate, not only is Datadog's guidance for the year strong, but its billings were up 69% y/y as of Q2 2021.
Having said that, at 32x next sales, the stock is far from cheaply valued. Investors intent on being shareholders here should look to dollar-cost average into their position over time, rather than being too imprudent with one's capital.
Overall, investors should adopt a long-term buy-and-hold strategy, rather than just looking for quick gains in the name.
SOURCE : Michael Wiggins De Oliveira, Aug. 18, 2021, Seeking Alpha
seekingalpha.com/art...s-dont-trade-cheaply
Having said that, at 32x next sales, the stock is far from cheaply valued. Investors intent on being shareholders here should look to dollar-cost average into their position over time, rather than being too imprudent with one's capital.
Overall, investors should adopt a long-term buy-and-hold strategy, rather than just looking for quick gains in the name.
SOURCE : Michael Wiggins De Oliveira, Aug. 18, 2021, Seeking Alpha
seekingalpha.com/art...s-dont-trade-cheaply
Trade closed: target reached