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Where Will Datadog Be in 1 Year?

TheMotleyFool

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Datadog's (NASDAQ: DDOG) stock surged about 160% over the past 12 months as the data monitoring company impressed investors with its robust revenue growth. But with a market cap of $31.7 billion, this high-flying stock now trades at 40 times next year's sales. Can Datadog justify that premium valuation throughout 2021 and head even higher?

Large companies often store their data across a wide range of computing platforms, including servers, databases, cloud services, and mobile apps. Monitoring all that data can be tedious for developers and IT teams, so Datadog's platform breaks down the silos and pulls all the information onto unified dashboards.

Image source: Getty Images.

Source Fool.com

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