Spotlight on Datadog: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Financial analysts have observed a significant bullish trend in options trading for Datadog (NASDAQ:DDOG), with 56% of trades being bullish and 43% bearish. The trades indicate a price target range of $85.0 to $165.0. The largest trades include both calls and puts, with calls showing a stronger bullish sentiment. Datadog, a cloud-native company focusing on machine data analysis, has seen its stock price increase by 1.04% to $136.25. Market experts have issued a consensus target price of $141.0 for DDOG, with ratings ranging from Equal-Weight to Buy.
February 13, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Datadog has seen a bullish trend in options trading, with a significant volume of calls over puts. The stock price has recently increased, and analysts have set a consensus target price of $141.0.
The bullish trend in options trading, combined with the recent stock price increase and positive analyst ratings, suggests a short-term positive impact on DDOG's stock price. The significant volume of calls over puts indicates strong investor confidence, potentially driving the stock price closer to the analysts' consensus target price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100