This Is What Whales Are Betting On Datadog
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Datadog (NASDAQ:DDOG) by a large investor, as indicated by unusual options trading activity. The sentiment among these big-money traders is 68% bullish and 31% bearish. The price target for Datadog over the last 3 months has been between $40.0 and $115.0. Several financial institutions have maintained or downgraded their ratings on Datadog, with price targets ranging from $110 to $130.
August 25, 2023 | 8:45 pm
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Datadog has seen significant bullish options trading activity, indicating a potential positive short-term impact on the stock. Analysts' price targets range from $110 to $130.
The unusual options trading activity indicates that a large investor is taking a bullish stance on Datadog, which could potentially drive the stock price up in the short term. Additionally, several financial institutions have maintained or downgraded their ratings on Datadog, but the price targets are all above the current stock price, which could also have a positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100