8 Fastest Growing AI Stocks To Buy Right Now

6. Datadog, Inc. (NASDAQ:DDOG)

Year-Over-Year Revenue Growth Rate: 26.12%

3-Year Revenue CAGR: 37.67%

Number of Hedge Fund Holders: 83

Datadog, Inc. (NASDAQ:DDOG) is an American software company that provides a monitoring and security platform for cloud applications. The company’s SaaS platform helps organizations of various sizes to integrate and automate infrastructure monitoring, application performance monitoring, log management, user experience monitoring, cloud security, and many other capabilities to provide unified, real-time observability and security. Datadog, Inc. (NASDAQ:DDOG) is one of the best high-growth stocks to buy.

On February 10, DA Davidson analysts updated the firm’s price target on Datadog, Inc. (NASDAQ:DDOG) from $150 to $165 and maintained a “Buy” rating. This decision follows an analysis of proprietary developer datasets showing healthy usage and stable demand for the company’s services. The analysts are confident that Datadog, Inc. (NASDAQ:DDOG) can capitalize on current market opportunities, especially in helping customers observe large language models (LLMs). The firm’s positive outlook is also supported by the company’s recent acquisition of Quickwit. This move is expected to enhance Datadog, Inc.’s (NASDAQ:DDOG) AI software infrastructure offerings. DA Davidson’s analysts believe that the company is positioned well to benefit from the ongoing shift from AI hardware to AI software infrastructure. Insights from the Developer Ecosystem Network and field checks show that Datadog, Inc. (NASDAQ:DDOG) is well-equipped to help customers manage AI-related workloads.