10 Trending AI Stocks on Latest Analyst Ratings and News

4. Datadog, Inc. (NASDAQ:DDOG)

Number of Hedge Fund Holders: 79

Datadog, Inc. (NASDAQ:DDOG) is a SaaS-based cloud-based monitoring and analytics program. The enterprise software leader is an AI player offering expertise in cloud computing and AI-powered cybersecurity products.

On November 8, DA Davidson raised the firm’s price target on Datadog, Inc. (NASDAQ:DDOG) to $150 from $140 and kept a “Buy” rating on the shares. The buy rating comes after the company’s Q3 earnings beat, driven largely by its AI-driven cybersecurity products. Growing customer use and increased AI activity have been beneficial for the company. Moreover, its enterprise clients are its biggest source of revenue growth, analysts wrote in a research note.