1 Unstoppable Stock Down Over 50% to Buy Hand Over Fist, According to Wall Street
Over the last two months, U.S. companies have been reporting their financial results for the quarter ended June 30. This is a crucial time for investors, because they can look under the hood of the companies they own to assess how they're handling this challenging economy.
This earnings season has featured some impressive results, but it has also come with a few disappointments, and Datadog (NASDAQ: DDOG) falls into the latter category. While the cloud-observability company generated more second-quarter revenue than it had expected, it reduced its full-year forecast for 2023, which led to a 17% drop in its stock price shortly after it released its results.
But that hasn't deterred Wall Street. The Wall Street Journal tracks 39 analysts covering Datadog stock, and they are overwhelmingly bullish. In fact, not a single analyst recommends selling, and here's why investors should follow the Street's lead.
Source Fool.com
