Datadog saw an improvement in its IBD SmartSelect Composite Rating Monday, from 94 to 96.
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The upgrade means the stock is now outperforming 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher score in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Datadog is now out of buy range after breaking out from a 138.61 entry in a consolidation.
The stock earns a 90 EPS Rating, meaning its recent quarterly and annual earnings growth tops 90% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company reported 5% EPS growth. Sales were flat, matching the prior quarter's 25%.
Datadog earns the No. 4 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies is the top-ranked stock within the group.
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