Is It Too Late to Buy Datadog Stock?
Shares of (NASDAQ: DDOG) set the market on fire this month with terrific gains of 42% so far, with the company's first-quarter 2023 results, which were released on May 4, playing a key role in its breakout.
Datadog stock is now up 26% in 2023 thanks to its latest rally. The stock underperformed the market in the past year thanks to concerns that its growth is slowing. But it looks like investors have now realized the company's robust long-term potential and are focusing on the bigger picture, which explains why the stock shot up remarkably following the company's earnings report.
Does this mean investors who didn't buy into Datadog's rally this month missed an opportunity to buy this fast-growing company at an attractive valuation? Let's find out.
Source Fool.com
