This Is What Whales Are Betting On Datadog
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on Datadog (NASDAQ:DDOG), with 60% of big-money traders also showing bullish sentiment. The investor has targeted a price range of $70.0 to $110.0 for Datadog over the last 3 months. The price of DDOG is currently up 2.7% at $98.28, and RSI indicators suggest the stock may be approaching overbought. The next earnings are expected in 36 days.
June 28, 2023 | 2:32 pm
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A large investor has taken a bullish stance on Datadog, with a price target range of $70-$110 over the last 3 months. The stock is currently up 2.7% at $98.28, and may be approaching overbought.
The bullish stance taken by a large investor, along with the bullish sentiment of 60% of big-money traders, suggests a positive short-term impact on Datadog's stock. The targeted price range also indicates a potential upside. However, the RSI indicators suggest the stock may be approaching overbought, which could limit the upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100