What the Options Market Tells Us About Datadog
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bullish sentiment towards Datadog (NASDAQ:DDOG) based on recent options market activity. Benzinga's options scanner highlighted 12 significant options activities, with 75% of the sentiment being bullish. Analysts have mixed ratings, with price targets ranging from $150 to $165. Datadog's stock is currently down 3.81% at $118.51.
July 24, 2024 | 4:16 pm
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Datadog (NASDAQ:DDOG) has seen significant bullish options activity, with 75% of the sentiment being positive. Analysts have mixed ratings with price targets ranging from $150 to $165. The stock is currently down 3.81% at $118.51.
The significant bullish sentiment in the options market suggests that investors expect positive movement in Datadog's stock price. The mixed but generally positive analyst ratings further support this outlook. Despite the current price drop, the overall sentiment and price targets indicate potential upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100