3 Stocks That Have Doubled In 2020 and Still Have Room to Grow
Shares of Datadog (NASDAQ: DDOG), MercadoLibre (NASDAQ: MELI), and Cloudflare (NYSE: NET) have more than doubled in 2020. These stocks have seen more opportunities than challenges in the coronavirus health crisis. They are also poised to continue growing for years to come because the COVID-19 pandemic may have accelerated their growth plans but the good times should keep rolling when the world goes back to normal operations again.
Datadog helps other companies monitor their cloud computing services through a variety of data collection and analysis tools. These tools are, of course, presented as cloud-based services themselves. This is software-as-a-service designed to monitor the performance, security, and efficiency of your software-as-a-service solutions.
The work-from-home policies of the COVID-19 pandemic were tailor-made to boost Datadog's business prospects. The stock has gained 123% year to date.
Source Fool.com
