Better Buy: Alphabet vs. Datadog
(NASDAQ: GOOG) (NASDAQ: GOOGL) and Datadog (NASDAQ: DDOG) represent two very different ways to profit from the secular growth of the cloud and AI markets. Alphabet's Google owns the world's most popular search engine and third-largest cloud infrastructure platform. Its sprawling ecosystem also houses YouTube, Android, Chrome, Gmail, Google Docs, and its other cloud-based services. Datadog collects diagnostic data from an organization's entire software infrastructure in real time, then aggregates all of that information onto unified dashboards for IT professionals.
Both companies faced tough macro headwinds over the past 12 months, but Alphabet's stock still rallied 33% as Datadog's stock slumped 7%. Let's see why the diversified tech giant outperformed the cloud-based observability software provider by such a wide margin, and if it will remain the better buy for the foreseeable future.
Image source: Getty Images.
Source Fool.com
Alphabet Inc. A Stock
The stock is an absolute favorite of our community with 94 Buy predictions and no Sell predictions.
As a result the target price of 179 € shows a slightly positive potential of 19.54% compared to the current price of 149.74 € for Alphabet Inc. A.
