Should You Buy Datadog Stock Right Now?
Datadog's growing portfolio of artificial intelligence products is experiencing high demand, but its stock is expensive.
Overview
Datadog (NASDAQ: DDOG) stock is expensive right now. Its price-to-sales (P/S) ratio was 22.7 as of the market close on Tuesday, Aug. 18, which is a big premium to many of its peers in the artificial intelligence (AI) software space.
But strong demand from both AI and non-AI customers is fueling an acceleration in Datadog's quarterly revenue growth, which explains why some investors might be willing to pay a premium for its stock. If you don't own it already, should you buy it right now?
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.