Overvalued for sure, but that hasn't stopped it at all. It was overvalued at 50, 100, 150, and 200... But that doesn't stop it. I'm betting it gets above 210 tomorrow if the market isn't tipping. Their poor bottom line doesn't drive the stock; it's their proliferation and multi-cloud strategy. Atlas + developer bend = continued growth.
Eventually, the train will stop, but that's probably not anytime soon.