"Artificial intelligence (AI) stocks have accounted for about three-quarters of S&P 500 (SNPINDEX: ^GSPC) returns since ChatGPT's launch in late 2022, according to JPMorgan Chase. But these Wall Street analysts still see substantial upside in The Trade Desk (NASDAQ: TTD) and Datadog (NASDAQ: DDOG): Mark Kelley at Stifel recently gave The Trade Desk a target price of $74 per share. That implies a 196% upside from its current share price of $25. Brian White at Monness recently set Datadog with a target price of $255 per share. That implies a 112% upside from its current share price of $120."
"The Trade Desk develops adtech software that helps media buyers plan, measure, and optimize digital campaigns. Its platform leans on artificial intelligence to evaluate ad impressions, customize bids, and continuously modify targeting parameters based on real-time performance data. The Trade Desk's primary advantage lies in its independent business model, meaning it does not own media content that could bias ad spending on its platform. Whereas rivals like Alphabet's Google and Amazon have a clear incentive to steer media buyers toward their own inventory"
AI stocks accounted for about three-quarters of S&P 500 returns since ChatGPT's late-2022 launch, per JPMorgan Chase. Stifel's Mark Kelley set The Trade Desk target at $74, implying 196% upside from $25. Monness's Brian White set Datadog target at $255, implying 112% upside from $120. Most analysts covering both companies consider the shares undervalued, though few expect triple-digit gains within a year. The Trade Desk provides AI-driven adtech that evaluates impressions, customizes bids, and adjusts targeting in real time, benefiting from an independent business model. Datadog applies AI to predict and resolve application performance and security issues.
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