Spotlight on Datadog: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Datadog (NASDAQ:DDOG) has seen a surge in options activity, with significant bullish positions taken by large investors. The options data indicates a targeted price range of $100 to $130. Analysts have mixed ratings, with price targets ranging from $132 to $151.
August 26, 2024 | 8:45 pm
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Datadog has experienced unusual options activity, with a majority of large investors taking bullish positions. Analysts have set price targets between $132 and $151, indicating potential upside.
The surge in options activity, particularly with a majority of bullish positions, suggests investor confidence in Datadog's short-term performance. Analysts' price targets above the current trading price further support a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100