Conversations with Jaguars - May 1 (93% Correlation, Earnings Review, Being Disrupted) from www yoy Watch Video
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⏲ Duration: 21 min 70 sec ✓ Published: 01-May-2024
Description: --- Presenting a bull case for Datadog ($DDOG) which will report earnings on May 7th BMO. Since 2019, the company has held tight relationship with Amazon AWS such that it has 93% correlation with AWS growth. Whatever AWS YoY growth is, you simply multiply it by 2.1x (range has been 2x to 2.2x over 5 years with 93% correlation) and that's the growth rate for DDOG. Last night, Amazon reported AWS growth rate accelerated to +17.2% YoY vs street at 15.5%. This suggests DDOG to report and guide well
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