Nasdaq correction highlights The Trade Desk, Datadog buy potential

The Nasdaq Composite index has recently entered a correction, dropping over 10% from its last peak. As of now, it is about 12% below the record high seen in December. The decline is largely due to uncertainties about U.S. trade policies and fears of a recession, which have hurt consumer confidence. Despite this, some experts believe the stock market will recover, as it has from past corrections. They see this drop as a buying opportunity for investors. Two stocks, in particular, are highlighted as having potential for growth. The first stock is The Trade Desk, which has seen a decline of 60% from its December high. Despite this, analysts set a target price of $112 per share, indicating a potential upside of 100% from its current price of $56. The Trade Desk offers advertising technology and has been recognized for its innovation and growth. The company faced a revenue shortfall in its latest financial report but still showed overall growth in earnings. Changes are being made to improve operations, and the company's earnings are expected to grow at 14% annually through 2026. Analysts believe it could exceed their forecasts in the coming quarters. The second stock, Datadog, is down 39% since December. Analysts have a future target price of $160, suggesting a 55% upside from the current $103 price. Datadog provides software for monitoring IT infrastructure and reported strong growth in user numbers and revenue recently. However, the company issued cautious guidance for future revenue growth, which disappointed some investors. Despite this, Datadog is set to benefit from trends like cloud computing and continues hiring, even though that may temporarily impact earnings growth. Both stocks are recommended for investors with a longer-term view of three to five years, as they may rebound significantly in the future.