1 Super Stock Down 44% You'll Wish You'd Bought on the Dip, According to Wall Street
Cloud computing is the revolutionary technology that provides businesses with a cost-effective way to shift their operations online. But managing digital infrastructure can be tricky, because websites and online services need to be available 24/7 for customers and employees. That's where Datadog (NASDAQ: DDOG) comes in -- it developed a cloud monitoring platform which helps enterprises minimize downtime and, therefore, lost income.Datadog stock is trading 44% below its record high, which was set during the tech frenzy in 2021. It was unquestionably overvalued then, but the company never stopped expanding, so its stock is actually starting to look attractive at the current level.Wall Street appears to agree. The Wall Street Journal tracks 46 analysts who cover Datadog stock, and most of them have assigned it the highest possible buy rating, with not a single one recommending selling. Here's why investors might want to buy the dip.Continue reading
Cloud computing is the revolutionary technology that provides businesses with a cost-effective way to shift their operations online. But managing digital infrastructure can be tricky, because websites and online services need to be available 24/7 for customers and employees. That's where Datadog (NASDAQ: DDOG) comes in -- it developed a cloud monitoring platform which helps enterprises minimize downtime and, therefore, lost income.
Datadog stock is trading 44% below its record high, which was set during the tech frenzy in 2021. It was unquestionably overvalued then, but the company never stopped expanding, so its stock is actually starting to look attractive at the current level.
Wall Street appears to agree. The Wall Street Journal tracks 46 analysts who cover Datadog stock, and most of them have assigned it the highest possible buy rating, with not a single one recommending selling. Here's why investors might want to buy the dip.
