2 Super AI Stocks to Buy Hand Over Fist, According to Wall Street

Group 1: Confluent - Confluent is a leader in data streaming technology, which is essential for real-time data management in various sectors, including e-commerce and finance [3][4] - The addressable market for data streaming is estimated to be worth $60 billion, with potential growth driven by artificial intelligence (AI) applications [5] - Confluent generated $865 million in revenue over the last four quarters, with a 13% increase in total customers year-over-year, and a 20% increase in customers spending at least $1 million annually [6][8] - Analysts show strong support for Confluent, with 21 out of 32 analysts giving it the highest buy rating, and an average 12-month price target of $30.79, indicating a potential upside of 49% [7][8] Group 2: Datadog - Datadog provides a platform for monitoring cloud infrastructure, crucial for businesses with an online presence to ensure seamless operations [9][10] - The company recently launched AI tools to monitor large language models (LLMs), which are foundational for AI applications, enhancing its service offerings [12] - Datadog reported $645 million in revenue for the second quarter of 2024, with 4% attributed to AI, reflecting a doubling from the previous year [13] - Analysts are bullish on Datadog, with 28 out of 42 analysts giving it the highest buy rating, and an average 12-month price target of $144.73, suggesting a potential upside of 28% [15][16]