The technology sector is having a great year, with the Nasdaq Composite index up 30% so far. But it's still trading below its all-time high following a brutal sell-off in 2022, and so are most individual stocks in the sector. A challenging economy has hurt companies' ability to deliver the same levels of revenue growth they achieved a couple of years ago, which is pressuring their stock prices. But signs are emerging that the worst might be over.

Cloud monitoring specialist Datadog (NASDAQ: DDOG) just released its financial results for the third quarter (ended Sept. 30). They were far better than expected, and investors sent its stock surging 28% on the day.

While the stock remains 47% below its all-time high, the professional analysts tracked by The Wall Street Journal are overwhelmingly bullish on its prospects. Here's why investors should buy Datadog stock now.

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Source Fool.com