15 AI News Shaping Wall Street Today

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9. Datadog, Inc. (NASDAQ:DDOG)

Number of Hedge Fund Holders: 71

Datadog, Inc. (NASDAQ:DDOG) offers a cloud-based SaaS platform for monitoring and analytics, specializing in cloud computing and AI-powered cybersecurity products.

On November 19, TD Cowen analyst Andrew Sherman kept a Buy rating on Datadog, Inc. (NASDAQ:DDOG) with a $165 price target. The analyst considers Datadog as the “Best Idea for 2025”. The company holds plenty of growth opportunities, with the firm highlighting its strong cloud leverage and ramping free cash flow production. Moreover, while tailwinds from the company’s artificial intelligence native customers may moderate, it is considered temporary. It is still expected that Datadog will continue to benefit from AI in the long run.

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