Boeing’s Global Services segment offers products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and data analytics and digital services to commercial and defense customers.
The Boeing Capital segment offers financing services and manages financing exposure for a portfolio of equipment under operating leases, sales-type/finance leases, notes and other receivables, assets held for sale or re-lease, and investments.
The $288 Goldman Sachs target price would be a 52-week high. Boeing stock closed on Tuesday at $138.70, suggesting that here to the upside potential is over 100%.
Datadog
This is a name that investors may not be as familiar with, but it holds tremendous upside potential. Datadog Inc. (NASDAQ: DDOG) engages in the development of monitoring and analytics platforms for developers, information technology operations teams and business users. The company’s platform integrates and automates infrastructure monitoring, application performance monitoring and log management to provide real-time observability of its customers’ entire technology stack.
Datadog announced last year the extension of Network Performance Monitoring (NPM) to Windows. Datadog NPM now monitors the performance of network communications between applications running on Windows Server and Linux, providing seamless network visibility across cloud environments, on-premises data centers and operating systems.
This is why the analysts are so positive:
We believe that Datadog is a strategic infrastructure software provider with its end-to-end observability platform poised to benefit from IT departments shifting usage from multiple point solutions into an integrated suite. Datadog’s product-led and grassoots GTM engine coupled with a best-in-class technology stack is resonating increasingly well with customers. Furthermore, with its upmarket motion gaining traction, we believe the company is ahead of many years of durable revenue growth. Datadog is a unique software asset in that it is one of the very few business models that is operating at the Rule of 94 in FY21 through a combination of 70% revs growth and 24% free-cash-flow margins, well above the peer average at the Rule of 40. Based on the strength of its expanding product portfolio that addresses critical aspects of customers’ cloud migration, coupled with a solidly profitable business model that generates rising FCF margins alongside hyper-growth, Datadog is poised to grow into a preeminent infrastructure software business.
The price target on Datadog stock at Goldman Sachs is $223, much higher than the consensus target of $156.59. Tuesday’s closed at $97.32 was down close to 8% for the day, so hitting the price objective would be a 120% gain.
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