Datadog's stock price surged nearly 15% after being added to the S&P 500

Datadog’s stock price surged nearly 15% after being added to the S&P 500, surprising investors who expected other names like Robinhood or AppLovin. Datadog will replace Juniper Networks in the index, reflecting the growing influence of tech firms. Stocks added to the S&P 500 often rally due to increased demand from institutional investors. Datadog, a software monitoring company, has raised its revenue forecast on AI demand and offers tools for monitoring AI-driven applications. Analysts are optimistic about Datadog’s future, with a price target increase and confidence in its observability initiatives.

Read more at Yahoo Finance: Analyst resets Datadog stock price target after surprise addition to S&P 500