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