10 AI Stocks on Wall Street’s Radar Right Now

6. Datadog, Inc. (NASDAQ:DDOG)

Number of Hedge Fund Holders: 83

Datadog, Inc. (NASDAQ:DDOG) offers a cloud-based SaaS platform for monitoring and analytics, specializing in cloud computing and AI-powered cybersecurity products. On May 7, Bank of America reiterated the stock as “Buy” and increased its price target from $136 to $138. The Wall Street bank says it’s sticking with the stock after its earnings on Tuesday. The company has delivered robust results for the quarter and is well-positioned to capture additional market share, supporting revenue growth over the long term.

“We believe the results are another data point that it is positioned to be a share gainer in a $50bn observability [total addresable market], driving long-term durable revenue growth.”