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Will Datadog Be Worth More Than Microsoft by 2030?

TheMotleyFool

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Will Datadog Be Worth More Than Microsoft by 2030?: https://g.foolcdn.com/editorial/images/716613/it-professional-server.jpg

Datadog (NASDAQ: DDOG) dazzled investors with its breakneck growth rates after it went public in Sept. 2019. The data visualization company's revenue rose at a compound annual growth rate (CAGR) of 79% between 2017 and 2021, and it expects its revenue to rise another 60%-61% in 2022.

Datadog's stock soared from its IPO price of $27 to an all-time high of $196.56 in Nov. 2021, but it now trades at about $70 a share. At its peak, it was valued at $61 billion -- or 37 times the $1.65 billion in revenue it expects to generate in 2022. It's now worth $22 billion, or ten times the $2.21 billion in revenue it's expected to generate in 2023.

Image source: Getty Images.

Source Fool.com

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