Will Datadog Be a Trillion-Dollar Stock by 2040?
Datadog (NASDAQ: DDOG) has generated massive gains since its initial public offering in September 2019. The cloud-based software company went public at $27, started trading at $40.50, and now trades above $160 per share.
That rally boosted Datadog's market capitalization from $11 billion on its first trading day to just over $50 billion as of this writing. That's a promising start, but could Datadog's valuation possibly rise another 20 times to more than $1 trillion within the next two decades?
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Source Fool.com
