Datadog (DDOG) Stock

In 2024, the S&P 500 reached over 50 record highs, continuing the bull market that started when it hit its lowest point in October 2022. Technology stocks have been the main drivers of this growth, and this trend is expected to persist, especially with the rise of artificial intelligence (AI). Companies like Datadog and CrowdStrike have integrated AI into their existing operations to boost growth and introduce new products.

Datadog (DDOG) has been getting a lot of interest from users on Zacks.com recently. As a result, it's important to understand the factors that could affect the stock's future.

From a technical viewpoint, Datadog (DDOG) seems like a promising choice since it has just hit an important support level. Recently, DDOG surpassed the 20-day moving average, indicating a positive trend in the short term.

Datadog (DDOG) has been getting a lot of interest from users on Zacks.com recently. As a result, it's important to understand the factors that could affect the stock's future.

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In today's Big 3, Charles Moon from @ProsperTradingAcademy examines stocks that he believes are strong performers. He shares his reasons for anticipating positive market feelings towards Datadog (DDOG), Celsius (CELH), and Shopify (SHOP).

Datadog, Inc. (NASDAQ:DDOG) will be participating in the Barclays 22nd Annual Global Technology Conference on December 11, 2024, at 12:50 PM ET. Yuka Broderick, the Vice President of Investor Relations, will represent the company. Raimo Lenschow from Barclays will also be part of the conference call.

On December 9, 2024, Datadog, Inc. announced that it has priced $870 million in 0% Convertible Senior Notes due in 2029. This private placement is aimed at qualified institutional buyers under Rule 144A of the Securities Act of 1933. The offering amount was raised from the earlier announced total of $775 million.

Datadog is expected to grow significantly in 2025 due to larger software budgets and rising revenue from AI-related services, leading to a Buy recommendation. The Q3 results reveal a 200 basis point increase in AI-native revenue, showing that spending on AI is returning to Datadog. Additionally, enterprise customer usage is increasing, which points to potential higher spending in the future, while growth among small and medium-sized businesses remains steady.