Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
Datadog is a monitoring and analytics platform for developers, IT operations teams and business users in the cloud age. The company’s business runs around its portfolio of over 400 out-of-the-box integrations including public cloud, private cloud, on-premise hardware, databases and third-party software.
DDOG boasts a Growth Style Score of A and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Its bottom-line is projected to rise 33.3% year-over-year for 2024, while Wall Street anticipates its top line to improve by 24.9%.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.01 to $1.76 per share. DDOG also boasts an average earnings surprise of 18.1%.
On a historic basis, Datadog has generated cash flow growth of 130.2%, and is expected to report cash flow expansion of 310.4% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, DDOG should be on investors' short lists.
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Datadog, Inc. (DDOG) : Free Stock Analysis Report
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