2 Tech Stock Picks By Bofa

last updated on

2 Tech Stock Picks By Bofa

Datadog And Hubspot - 2 Tech Stock Picks By Bofa

With the AI boom in full effect, the risks of export restrictions on the GPU chips are also at all-times high. If this materializes, the software stocks will gain the spotlight.

After all, software stocks don't depend on supply chains and can freely operate across borders. On top of that, a software company can also join the AI bandwagon by offering AI solutions.

With that in mind, we will look at two software stocks that use AI. According to BofA, these 2 software stocks have the most potential in 2025: Datadog and Hubspot.

Datadog

The first tech stock is Datadog (DDOG), which is a cloud monitoring & analytics company. The Datadog (DDOG) has a trading price of $138.57 and has great potential, according to BofA.

According to Datadog, there's still a lot of potential, as many enterprises have yet to spend on their cloud/network. Since the year 2020, Datadog (DDOG) stock has gained almost 236% which shows its bullish nature.

Based on the experts's opinion, the Datadog (DDOG) has the potential to reach $162.64 in 2024. Based on its current trading price, Datadog (DDOG) has the potential to gain 17% in the year 2025.

Hubspot

The 2nd software company picked by BofA is Hubspot, which operates on the SaaS model. The company also uses AI tools for sales, marketing, & other sectors.

Hubspot offers everything from automated campaigns to pipelines to AI-powered bot services. All of this allows Hubspot to benefit from the ongoing AI boom and claim its own stake.

The platform of Hubspot is unified and easy to use, similar to Datadog. On top of that, Hubspot is an established name in the sales/marketing sector. This allows it to easily launch new products and gain instant traction.

Recently, the HubSpot has also acquired the Frame AI. The company is also working on the integration of Breeze, which will help it to offer better AI services.

The current trading price of Hubspot (HUBS) is $704.25, while the target set by the experts is $750.54.

Trending Stories