10 High Growth Cybersecurity Stocks To Buy

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1. Datadog Inc. (NASDAQ:DDOG)

Number of Hedge Fund Holders: 83

Datadog Inc. (NASDAQ:DDOG) is a leading observability and security platform designed for cloud applications. The company’s suite of products can be used individually or as a unified solution, offering flexibility and scalability for businesses of all sizes.

In December 2024, the company introduced a modern cloud Security Information and Event Management (SIEM) solution, enhancing real-time threat detection and cost efficiency for enterprises. In February 2025, the company announced the opening of registration for its highly anticipated DASH 2025 conference, set for June 10-11 in New York, where industry leaders from Redfin, Toyota, and Volkswagen will discuss advancements in AI, security, and performance optimization.

Datadog Inc. (NASDAQ:DDOG) reported strong Q4 2024 financial results, with revenue reaching $738 million, marking a 25% year-over-year increase. The company generated $265 million in operating cash flow and $241 million in free cash flow, maintaining a robust balance sheet with $4.2 billion in cash. On the business front, Datadog Inc. (NASDAQ:DDOG) grew its $1 million+ ARR customers by 17% to 462, while its $100K ARR customers rose by 13% to 3,610. It is among the best high growth stocks on our list.

Citigroup analyst Fatima Boolani has maintained a Strong Buy rating on the stock while slightly lowering the price target from $170 to $165.

Overall Datadog Inc. (NASDAQ:DDOG) ranks first on our list of the high growth cybersecurity stocks to buy. While we acknowledge the potential for DDOG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DDOG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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