DDOG - Datadog: A Buy Due To Improved Consumption Trends And Platform Strategy

2024-03-15 09:35:12 ET

Summary

• Datadog presents a buying opportunity due to improving consumption trends and a well-executed platform strategy.
• Q4-23 earnings report beat expectations and showed strong customer growth and RPO performance.
• Guidance is conservative and there is potential for beat-and-raises if consumption trends continue to improve.

Datadog ( DDOG ) is a big position in my personal portfolio. At current levels, I believe it presents an interesting buying opportunity thanks to improving consumption trends and a well-executed platform strategy that is resonating well with customers....

For further details see: