What the Options Market Tells Us About Datadog
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bullish stance on Datadog (NASDAQ:DDOG), as evidenced by recent options trading activity. Benzinga's options scanner identified 18 trades, with 72% being bullish. The expected price range for DDOG is between $102.0 and $120.0 over the next three months. Analysts have mixed ratings, with an average target price of $144.6.
August 16, 2024 | 5:16 pm
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Significant investors have shown a bullish stance on Datadog, with 72% of recent options trades being bullish. The expected price range is $102.0 to $120.0 over the next three months. Analysts have mixed ratings, with an average target price of $144.6.
The high volume of bullish options trades suggests that significant investors expect Datadog's stock price to rise. The expected price range of $102.0 to $120.0 indicates a positive outlook. Additionally, the average analyst target price of $144.6 supports this bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100