'Dynamite Company': Jim Cramer Says This Tech Giant, Which Serves Microsoft, IBM, AWS, Is 'Expensive, But They Really Know What They're Doing'
Portfolio Pulse from Benzinga Neuro
Jim Cramer praised Datadog Inc. (NASDAQ:DDOG) on CNBC's 'Mad Money', calling it a 'dynamite company' despite its high valuation. Datadog, known for its cloud-based application observability services, has been recognized for its operational strength and solid growth prospects. Financial analysts have recently set a higher 12-month price target for DDOG, and the stock has shown resilience in its price action.
March 19, 2024 | 7:35 am
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POSITIVE IMPACT
Jim Cramer's endorsement of Datadog Inc. (DDOG) as a 'dynamite company' highlights its operational strength and growth prospects in cloud services.
Jim Cramer's positive comments on CNBC can influence investor sentiment and potentially drive up DDOG's stock price in the short term. The company's strong operational capabilities and the recent increase in its 12-month price target by analysts further support a positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100