Tiger Global’s 15 Long-Term Stock Picks

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10. Datadog, Inc. (NASDAQ:DDOG)

Number of Hedge Fund Holders: 71 

Datadog, Inc. (NASDAQ:DDOG) provides monitoring and analytics services. The firm specializes in cloud computing and AI-powered cybersecurity products. Stifel analyst Brad Reback recently raised the price target on the stock to $165 from $141 and kept a Buy rating on the shares. After a bumpy start to 2024, the year is ending on a higher note for the enterprise software group, driven by stabilizing-to-modestly accelerating top-line growth rates along with relatively attractive mid-year multiples, earlier signs of AI monetization, especially among the largest software companies, declining interest rates and solid economic growth and a safe haven status post the election given limited, to no, tariff or China exposure, the advisory told investors in a 2025 preview for the group.

Datadog, Inc. (NASDAQ:DDOG) remains one of the top long-term stock picks of Tiger Global. The stock has featured in the 13F portfolio of the fund since late 2019. Since then, Tiger Global has gradually increased its stake in the firm, climbing to a high of close to 6 million shares in the third quarter of 2022. Latest filings show that the fund owned just over 979,000 shares in the company at the end of the third quarter of 2024 worth over $112 million, representing close to 0.50% of the entire 13F portfolio.

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