Check Out What Whales Are Doing With DDOG
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Datadog (NASDAQ:DDOG), with 66% of detected trades showing bearish expectations. Whales have been targeting a price range from $70.0 to $120.0 for Datadog over the last 3 months. The current price of DDOG is $111.14, up 1.16%. RSI indicators suggest the stock may be overbought. Analysts from Oppenheimer, Cantor Fitzgerald, and Barclays have maintained their ratings with price targets of $120, $100, and $134 respectively.
July 24, 2023 | 5:45 pm
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Bearish sentiment detected in Datadog trades. Whales target $70-$120 range. Current price $111.14, up 1.16%. Analysts maintain ratings with varied price targets.
The bearish sentiment detected in Datadog trades, along with the RSI indicators suggesting the stock may be overbought, could potentially lead to a decrease in the stock's price in the short term. However, the maintained ratings from analysts and the current upward trend in price may counteract this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100