Cloud-monitoring software provider Datadog has been added to the S&P 500 Index on July 9, replacing Juniper Networks. The tech sector’s expansion into America’s flagship index is notable, with recent additions including DoorDash, Workday, and Palantir.
To join the S&P 500, companies must meet specific criteria, such as a minimum market cap of $22.7 billion, at least 12 months trading on a US exchange, and structural, profitability, and liquidity requirements. Datadog’s significant market cap of $53.6 billion meets these standards.
Notable companies that haven’t made the cut include AppLovin, MicroStrategy, Robinhood, CoreWeave, Snowflake, and Roblox. Despite trailing in 2023, Wall Street remains optimistic about Datadog’s long-term growth prospects, particularly in AI. Analysts at Bank of America have named it their top software pick for the second half of 2025, citing its potential for sustained revenue growth.
The S&P 500 Index has significant investment implications, with trillions of dollars invested in ETFs tracking the index. Companies seeking to join the exclusive group must demonstrate strong market performance and meet specific criteria.
Source: https://sherwood.news/markets/datadog-now-in-s-and-p-500-these-big-stocks-still-arent