Risk/Reward Rating: Negative
Datadog is a technology application monitoring, security, and analytics platform for developers, IT operations teams and business users. The stock became a highflyer in 2020 during the COVID lockdowns and the resulting speculative frenzy in the stock market. During the frenzy, the company’s share price rose 428% over just seven months to $120 per share. The incredible valuation of Datadog resulting from this rally had placed the stock in the doghouse since October of 2020.
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