DDOG - Datadog: Wall Street Grows Impatient Waiting On Generative AI Tailwinds
2024-05-08 09:10:47 ET
Summary
- Datadog stock price plunged despite beating guidance on revenues and profits and raising full-year guidance.
- DDOG stock's poor reception may be due to its high valuation and inability to accelerate revenue growth.
- The company's solid financials and balance sheet reduce the risk, but the valuation remains challenging.
Datadog, Inc. ( DDOG ) plunged after releasing first quarter earnings results. The company beat guidance on both revenues and profits, and lifted full-year guidance. Wall Street’s poor reception may be more to do with the stock’s valuation heading into the print, as DDOG is often viewed to be a long-term beneficiary of the rise of generative AI....
Datadog: Wall Street Grows Impatient Waiting On Generative AI Tailwinds