In the past month, the shares of the Datadog Company have increased by 5.76 percent, outperforming the Computer and Technology sector (4.68%) and the S&P 500 (5.24%).

DDOG Earnings Projection is Solid

Speculative investor attention is directed towards Datadog's forthcoming earnings announcement. Analysts estimates suggest an anticipated earnings per share of $0.43, representing a noteworthy 65.38 percent increase compared to the previous year.

Furthermore, the consensus estimate projects a revenue of $566.7 million, representing a growth of 20.73% compared to the corresponding quarter of the previous year.

Datadog Stock (DDOG) Key Financial Metrics

With respect to valuation metrics, Datadog is presently valued at a Forward P/E ratio of 80.69, which is significantly greater than the average for the industry at 40.02. This indicates that Datadog's share price is higher than that of its competitors.

In addition, Datadog has a PEG ratio of 2.83, which incorporates anticipated earnings growth. On the contrary, the Internet sector exhibited a mean PEG ratio of 1.81 as of yesterday's trading close.

Datadog Stock (DDOG) Technical Analysis

In the daily chart of DDOG stock, a bullish continuation from the 77.76 level made a new swing high above the 116.10 level but went sideways above it. As a result, sellers took control over the price and moved below the 20 day EMA with a CHoCH formation.

As long as the DDOG stock price trades below the 118.10 high investors might expect a bearish continuation towards the 97.96 Fibonacci level.

On the other hand, the long-term trend is bullish, which may result in a buy opportunity at any time. In that case, a downside correction and an immediate bullish rejection from the 104.59 level could be a conservative buying opportunity, targeting the 143.19 level.

*Disclaimer: The content of this article is for learning purposes only and does not represent the official position of VSTAR, nor can it be used as investment advice.