DDOG - The 2 Best Growth Stocks to Buy Now and Hold According to Some Wall Street Analysts
2024-01-31 04:55:00 ET
Fortune Magazine regularly teams up with analysts from Boston Consulting Group to publish an annual edition of the Fortune Future 50. The latest report ranked more than 1,700 public companies based on their long-term revenue growth prospects. Two technology specialists topped the list in 2023: Datadog (NASDAQ: DDOG) ranked second and Snowflake (NYSE: SNOW) ranked first.
Notably, the first Fortune Future 50 list was published in 2017, and every cohort since has beat the S&P 500 and S&P 500 Growth indexes in terms of revenue growth. Most cohorts have also beat the market in terms of total returns, and the authors believe the laggards (2020 and 2021) could outperform in the long run.
Here's what investors should know about Datadog and Snowflake.
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The 2 Best Growth Stocks to Buy Now and Hold, According to Some Wall Street Analysts