Datadog Joins S&P 500 Ahead of Robinhood, Applovin -- Market Talk

Dow Jones
2025/07/03

0921 ET - Datadog is set to take Juniper Networks's spot in the S&P 500, bucking investor expectations for Robinhood or Applovin to join the index ahead of it, Wedbush analysts say in a research note. The monitoring-software maker was selected over those names because its platform continues to gain momentum in the observability market, particularly with its AI focus, the analysts say. Datadog is well positioned to keep gaining share in the observability space as its new go-to-market momentum boosts deal flow for advanced capabilities in monitoring cloud migration and digital transformation projects, they say, maintaining an outperform rating on the stock. Shares rise 9.6% to $147.94 premarket. (dean.seal@wsj.com)

 

(END) Dow Jones Newswires

July 03, 2025 09:21 ET (13:21 GMT)

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