#5 - DataDog (NASDAQ:DDOG)
DataDog (NASDAQ:DDOG) operates in another niche of the cloud computing segment. In DataDog, the company focuses on the “observability” of a company’s cloud computing applications. As much as I loathe buzzwords, it’s important to understand the importance of observability to a company’s cloud platform.
DataDog gives companies “end-to-end, easy-to-use solutions” that help them optimize performance, plan resources and troubleshoot potential issues. The need for the company’s services is likely to increase as companies continue to move more of their IT infrastructure and applications to the cloud.
DataDog is operating in an increasingly competitive market. Companies like Splunk (NASDAQ:SPLK), New Relic, and Oracle (NYSE:ORCL) create cloud observability platforms. However, analysts like DDOG stock because of how the company has been able to innovate faster than the competition, allowing the company to have over 400 third-party integrations for software with security, program development, and operations.
Despite being up over 140% for the year, analysts still see a potential upside of nearly 10%.
About Datadog
Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.
Read More - Current Price
- $125.44
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 28 Buy Ratings, 2 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $142.54 (13.6% Upside)
