Datadog Inc (NASDAQ:DDOG) is set to join the S&P 500 index effective before the market opens on July 9, replacing Juniper Networks which was recently acquired by Hewlett Packard Enterprise (HPE). On the news, shares of Datadog added 10% at about $148 in early trade on Thursday The cloud monitoring and observability software company now has a market cap of about $51.3 billion.
Datadog, (NASDAQ:DDOG), the cloud-scale application observability platform, has seen a notable increase in its stock price following the announcement of its inclusion in the S&P 500 index. This achievement marks an important turning point for the company, integrating solid operational performance with improved market positioning; however, high valuations and risks of volatility necessitate thorough consideration from potential investors.
The maker of monitoring software for businesses will replace Juniper Networks, a fellow information-technology company that was just acquired by HPE.
It replaces Juniper Networds in the index.
I reiterate a 'Strong Buy' rating on Datadog, setting a fair value of $145 per share, driven by robust AI innovation. Datadog's DASH 2025 event showcased advanced AI monitoring, automation, and security tools, strengthening its competitive edge in infrastructure observability. Q1 FY25 results highlight strong revenue and customer growth, with increasing product attachment ratios driving future margin expansion.
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 is consolidating a fragmented market. The company benefits from secular tailwinds in digital transformation, cloud migration, and generative AI, supporting sustained customer and revenue growth. Valuation is at the high end of my fair value range, but reasonable consensus estimates and strong fundamentals justify a continued buy rating.
The rise of artificial intelligence (AI) is generating plenty of wealth on Wall Street -- and the winners won't be limited to just semiconductor stocks like Nvidia . Tech stocks across several subsectors will benefit, too.
The latest trading day saw Datadog (DDOG) settling at $127.50, representing a -1.95% change from its previous close.
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.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Datadog (DDOG) reported earnings 30 days ago. What's next for the stock?