Top Wall Street analysts see robust growth potential in these 3 stocks
CNBC Top News ·

The latest earnings season has eased concerns about a potential artificial intelligence bubble. Increased spending by hyperscalers and other companies has reinforced confidence in the demand for AI …
The latest earnings season has eased concerns about a potential artificial intelligence bubble. Increased spending by hyperscalers and other companies has reinforced confidence in the demand for AI infrastructure and software solutions. Investors keen on capitalizing on the AI boom can track recommendations from top Wall Street analysts, who give key insights into a company's ability to capture AI-driven demand despite macro uncertainties and rising competition. Here are three stocks favored by some of Wall Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Datadog AI-powered observability and security platform Datadog ( DDOG ) is this week's first pick. In early May, the company impressed investors with its market-beating first-quarter results and robust outlook. Following an investor webinar with Vikram Thaker, the senior director of North American business at global consulting firm Cognizant, Bank of America analyst Koji Ikeda reiterated a buy rating on Datadog stock and raised his price target to $260 from $225. The analyst said that following the webinar, he is more positive on the demand backdrop for "best-of-breed infrastructure software vendors" such as Datadog and JFrog . He believes that these two companies have the ability to surpass Bank of America and the Street's estimates. …
Original source: CNBC Top News