Key Points
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The Nasdaq Composite has entered a new bull market, returning 31% annually during previous bull markets since 1990.
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Meta Platforms aims to enhance its advertising business, with Wall Street’s median target price suggesting a 29% upside.
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Datadog’s observability software is projected to grow, with a median target price indicating a potential 62% upside.
The Nasdaq Composite (NASDAQ: ^IXIC) has recently transitioned into a bull market, driven largely by interest in artificial intelligence (AI). Historically, the index experiences an average bull market lasting five years, marking significant growth.
Meta Platforms (NASDAQ: META) reported a 26% revenue increase to $51 billion in Q3, with earnings up 20% to $7.25 per share, despite announcing a focus on increased AI-related spending in 2026. Wall Street analysts have a median target price of $840 per share for Meta, implying a 29% upside from its current $650 price.
Datadog (NASDAQ: DDOG) reported a 28% revenue rise to $886 million in Q3, fueled by new customer acquisitions and increased spending from existing clients. Analysts set a median target price of $216, suggesting a 62% upside from its current $133 share price.
