Technology stocks are popular for a good reason. These companies qualify as solid growth stocks that can supercharge your portfolio and make you a millionaire. The key is to ensure you have the patience to hold on to your shares while tolerating heart-stopping volatility along the way. It's also important you select stocks with the right attributes that can enable your portfolio to continue growing over the long term.
These attributes include having a long growth runway and sustainable catalysts that can support this growth, a robust business model that provides an attractive product or service that helps solve customer pain points, and a track record of steady, consistent growth. With these characteristics in mind, here are three technology stocks that can supercharge your investment portfolio in the years ahead.
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1. Datadog
Datadog (DDOG +3.90%) provides a valuable service for organizations: real-time security and observability for their entire technology stack, enabling these businesses to drive collaboration and execute digital transformation. Datadog's financials have witnessed rapid improvements, as shown in the table.
| Metric | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue (in billions) | $1.675 | $2.128 | $2.684 |
| Operating income (in millions) | ($58.695) | ($33.464) | $54.284 |
| Net income (in millions) | ($50.160) | ($48.568) | $183.746 |
| Free cash flow (in millions) | $353.518 | $597.548 | $775.103 |
Data source: Datadog. Fiscal years end Dec. 31.
The company has broken even in 2024, with both operating and net income turning positive. Free cash flow also stayed positive throughout these three years and has been increasing. Datadog also saw its total customer count growing beyond 30,000, a more than twofold jump since 2020.
Customers are also spending more, with the number of customers with annual recurring revenue (ARR) exceeding $1 million more than quadrupling from 101 to 462 over this period. The proportion of customers using eight or more of Datadog's products also soared from just 2% in early 2022 to 12% by the end of 2024.
NASDAQ: DDOG
Key Data Points
There could be more growth to come as Datadog sees a surge in complexity that organizations need to grapple with, as more adopt generative AI solutions amid rapid digitalization.
The company intends to ride on the secular tailwinds of digital transformation and data migration to capture more business. It also plans to expand its product and use cases to spur customers to spend more while extending its presence into new markets.
For 2025, Datadog expects its revenue to be in the range of $3.175 billion to $3.195 billion, representing year-over-year growth of 18.7% at its midpoint. Management also identified a significant total addressable market (TAM) that can allow the business to enjoy multi-year growth. The Observability market has a TAM of around $51 billion today and is growing at a compound annual growth rate (CAGR) of 11% through 2027. For Cloud Security, the TAM is currently $21 billion and is growing at a 16% CAGR through 2027.
2. Spinklr
Sprinklr (CXM +0.93%) operates a cloud customer experience management platform that allows businesses to perform marketing, research, and other tasks. Like Datadog, Sprinklr has also seen increasing revenue and broke even in fiscal 2024 for both its operating and net income. Free cash flow also turned positive in fiscal 2024 and continued to increase in fiscal 2025, as shown in the table.
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue (in millions) | $618.190 | $732.360 | $796.394 |
| Operating income (in millions) | ($51.224) | $33.945 | $23.970 |
| Net income (in millions) | ($55.742) | $51.403 | $121.609 |
| Free cash flow (in millions) | $10.211 | $51.140 | $59.157 |
Data source: Sprinkle. Fiscal years end Jan. 31.
Like Datadog, Sprinklr also enjoyed an increase in the number of large customers, with the number of customers spending $1 million or more climbing from 126 to 149, an 18% year-over-year increase. The company provided guidance for revenue to be between $821.5 million to $823.5 million for fiscal 2026, representing a year-over-year increase of 3.3% at its midpoint.
NYSE: CXM
Key Data Points
Management believes there is room for further growth, with more people seeking unified customer experiences rather than being fixated on individual transactions. Spinklr is looking at 360-degree immersive experiences across the digital landscape where artificial intelligence (AI) is leveraged to scale up customer engagement.
With Sprinklr's unified platform, the business can deliver increased revenue and reduced costs for the customer, thus helping to improve the organization's return on investment. As customers use more of its platform, Sprinklr can cross-sell or upsell more services through innovation and capture higher spending from existing customers. Management is looking at a TAM of more than $1 billion in annual revenue based on a "land and expand" business development model.
3, S&P Global
S&P Global (SPGI +2.88%) provides a suite of business data including credit ratings, benchmarks, and analytics to customers such as governments, corporations, and individuals. The business intelligence company recorded increases in its revenue, operating income, and net income from 2022 to 2024. Free cash flow has also risen in tandem, as shown in the table.
| Metric | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue (in billions) | $11.181 | $12.497 | $14.208 |
| Operating income (in billions | $4.944 | $4.020 | $5.580 |
| Net income (in billions) | $3.248 | $2.626 | $3.852 |
| Free cash flow (in billions) | $2.514 | $3.567 | $5.565 |
Data source: S&P Global. Fiscal years end Dec. 31.
This consistent free cash flow generation enabled S&P Global to continue increasing its quarterly dividend for 52 consecutive years, making it one of the rare Dividend Kings in the stock market. Its latest increase saw its quarterly dividend rise 5.5% year over year to $0.96 per share.
Management believes in prioritizing customers, and that this focus will help the business to grow further. To this end, S&P Global launched new indices and provided enhancements to cater to customers' changing needs and preferences. Last year, it expanded multi-asset indices and introduced price assessments for chemicals, beef, and poultry.
NYSE: SPGI
Key Data Points
The company is also continually optimizing its portfolio through acquisitions and divestments, with three companies, Visible Alpha, ProntoNLP, and World Hydrogen Leaders, purchased last year. In particular, ProntoNLP came with a suite of generative AI tools to boost S&P Global's data analytics capabilities. As a result, S&P Global can now leverage generative AI to enhance its products and services and attain peak operational productivity.
The company has provided a positive outlook for 2025 and expects revenue to grow between 5% to 7% year over year. Earnings per share is projected to do even better, increasing by 15.6% year over year to $14.275.
