Datadog Poised for Growth as Demand Rises for AI Monitoring Software
• Datadog sells observability software and is positioned to benefit from growing demand for AI software.
• Sanjit Singh of Morgan Stanley sees Datadog as one of the best AI software stocks to buy.
• Alex Zukin predicted Datadog could become the fastest growing software company due to generative AI.
• Datadog reported strong Q4 results including 26% revenue growth and 112% increase in non-GAAP net income.
• At 20.6 times sales, Datadog's valuation looks reasonable given expected 25% annual sales growth over the next 5 years.