Datadog, Inc. Is (DDOG) the best growth stock to buy according to the billionaire?
Recently I published the list According to the billionaire, the best growth stock to buy. In this article, we will introduce Datadog, Inc. We’ll see where (NASDAQ:DDOG) will compete against other top growth stocks, according to the billionaire.
The stock market has been on a roller coaster for the past few weeks. Emotions quickly shifted from post-election bullishness to slowdown and recessional pricing. Volatility could be estimated by a 19% decrease in the S&P 500 from a recent all-time high. To talk about current market volatility and future paths, FundStrat’s Tom Lee joined CNBC for an interview. He said the market is currently pessimistic, as recent data shows that it is priced 60% of the time of a recession, but it is essential to note that if the tariff situation escalates, the probability of a recession is not that high. As a result, Lee believes there is a great opportunity for the stock to rebound, but this rebound is subject to a route for the removal of tariffs.
If the market is in the Bear market, Lee pointed out that this has been happening since December 2024 when defining the bear market by crushing stocks and losing money. However, if we define the bare market as unlocking the kind of financial tightening that leads to a recession, the current market is not suitable for Criteria. Lee admitted that it feels like the average person’s bear market.
Lee also spoke about viable investor strategies under current circumstances. First, he emphasized that people are fighting two brains at this point. One is the tactical brain, and people are sure by knowing if this is at the bottom and seeing stocks gather with bad news. On the other hand, there is an investor or a long-term brain. This suggests that US companies should have confidence in navigating this volatility. Lee pointed out that he is a buyer of this volatility as he believes there will be a tariff escalation, and said it will result in a big rebound in the stock.
To compile a list of the 10 best growth stocks to buy according to the billionaires, I used Finviz Stock Screener to search for the Alpha and Insider Monkey billionaires database. Using a screener, we have aggregated a list of growth stocks that have grown our topline by more than 30% over the past three years and sorted by market capitalization. We then cross-checked the sales growth of each stock for alpha, ranking the stocks in ascending order of the number of billionaires investors. Please note that as of the fourth quarter of 2024, we also included the hedge fund sentiment regarding each stock.
Why are hedge funds interested in the stocks they accumulate? The reason is simple. Our research shows that mimic the top stock picks of the best hedge funds can outperform the market. Quarterly Newsletter’s strategy was to select 14 small and large caps per quarter, returning 373.4% since May 2014, surpassing the benchmark by 218 percentage points (For more information, please see here).
Datadog, Inc. Is (DDOG) the best growth stock to buy according to the billionaire?
Close-up of a laptop coded by a software engineer on a monitor.
3-year sales growth: 37.67%
Number of hedge fund holders: 83
Number of billionaires: 17
Billionaire Value: $765,542,290
Datadog, Inc. (NASDAQ:DDOG) is an international provider of security and observability solutions. Its critical products include infrastructure monitoring, application performance monitoring, log management, cloud security, and more. The service allows businesses to improve performance and optimize the cost of their technology.
On April 7, Jeffreys analyst Brent Till maintained his stock’s buy rating with a price target of $135. In the fourth quarter of 2024, Datadog, Inc. (NASDAQ:DDOG) reported an increase of 25% year-on-year to $738 million. This growth was driven by a massive increase in customers with over 462 ARR customers and $1 million. Additionally, the Parnassus Growth Equity Fund will be on Datadog, Inc. on Q4 2024 Investor Letter. I mentioned adding (NASDAQ:DDOG). The fund said the company is the dominant cloud surveillance platform with best-in-class products and sticky product suites. The fund believes the company is benefiting from the growth of its cloud infrastructure monitoring platform, whereas the market misinterpreted periodic headwinds, such as a decline in IT spending. According to the billionaire, it is one of the best growth stocks to buy.
Parnassus Growth Equity Fund is Datadog, Inc. Regarding (NASDAQ: DDOG), the following has been stated: Q4 2024 Investor Letter:
“We’ve also added several new positions, including two information technology. Atlassian is a manufacturer of innovative software that enables IT developers and other employees to collaborate seamlessly on complex projects, and Datadog, Inc. (NASDAQ:DDOG), Dominant Cloud Monitoring Platform.
Overall, the dog 4th place On the list of the best growth stocks to buy according to the billionaire. We acknowledge the possibility that DDOG will grow, but our belief lies in the belief that AI stocks offer higher returns and hold a greater commitment to doing so within a shorter time frame. There have been AI stocks that have risen since the beginning of 2025, and the popular AI stocks have lost around 25%. If you’re looking for AI stocks that are more promising than DDOG but trade less than five times the revenues, Cheapest AI stocks.
