DDOG - 1 Unstoppable Stock Down 39% to Buy Hand Over Fist According to Wall Street
2024-05-18 04:59:00 ET
Few tech innovations are as important to modern organizations as the cloud. A company can rent computing power from centralized data centers (which are often managed by tech giants) and run its operations online for a fraction of the cost of building and maintaining its own infrastructure.
This allows the company to hire remote workers and reach a global customer base (to name just a couple of benefits), but it also comes with challenges. Digital networks are complex, especially for large organizations, and they require round-the-clock supervision to prevent technical issues from hurting the customer experience or denting sales. Datadog (NASDAQ: DDOG) helps 28,000 businesses meet those challenges.
The Wall Street Journal tracks 44 analysts covering Datadog stock, and the majority give it the highest possible buy rating. In fact, not a single analyst recommends selling. With the stock trading 39% below its all-time high, here's why now might be a great time to buy.
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1 Unstoppable Stock Down 39% to Buy Hand Over Fist, According to Wall Street