Datadog (DDOG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
AI has been a hot topic in earnings calls, but companies like Salesforce, MongoDB, and UiPath have yet to see significant results. Datadog is integrating AI into its cloud platform, with AI products contributing 3.5% to ARR. With its slate of AI-focused products, there is significant room for expansion. Despite strong fundamentals and outlook, Datadog appears fully priced, leading to a Hold rating with potential for future upside based on AI integration and operating leverage.
Jamie Dimon and Bill Gates have opined that artificial intelligence could be as impactful as technologies like microprocessors and the internet. Nvidia is the market leader in artificial intelligence chips, and its full-stack strategy has so far kept the company ahead of its competitors.
Zacks.com users have recently been watching Datadog (DDOG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Datadog, Inc. (NASDAQ:DDOG ) The Bank of America Global Technology Conference June 4, 2024 1:40 PM ET Company Participants David Obstler - CFO Conference Call Participants Koji Ikeda - Bank of America Koji Ikeda All right. Hey, everybody.
Datadog (DDOG) reported earnings 30 days ago. What's next for the stock?
Datadog (DDOG) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
The heavy selling pressure might have exhausted for Datadog (DDOG) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Datadog's (DDOG) innovative portfolio and an expanding partner base make it an attractive investment opportunity.
During the last decade, the S&P 500 typically moved higher in June, July, and August, returning an average of 4.4% through the summer months. Datadog is a leader in observability software, a product category made increasingly necessary by technologies like cloud computing and artificial intelligence.
Bank of America recently upgraded Datadog Inc. (NASDAQ:DDOG) from ‘Neutral' to ‘Buy', citing it as the “next high-quality large-cap stock.” This upgrade has caught the attention of investors.
Form 13F filings allow investors under-the-hood access to see what Wall Street's top money managers have been buying and selling. More than a half-dozen billionaire asset managers sent shares of Nvidia to the chopping block in the first quarter.