DDOG Price Prediction Next Week
Based on the provided data and recent market activity, here is the analysis for DDOG's price movement for next week:
Technical Analysis
The current RSI(14) reading of 46.37 indicates a neutral momentum, neither overbought nor oversold. The MACD at -2.04 suggests some bearish pressure in the near term. The stock is trading around its 20-day moving average of $142.01, indicating a period of consolidation.
Fibonacci Analysis Key Fibonacci levels for next week:
- Resistance 3: $149.28
- Resistance 2: $145.55
- Resistance 1: $143.24
- Pivot: $139.51
- Support 1: $135.78
- Support 2: $133.48
- Support 3: $129.75
News Sentiment
- Bank of America recently added DDOG to their US 1 list of best investment ideas, indicating institutional confidence
- The company will participate in an analyst conference discussing AI and ML integrations in monitoring solutions
- Options activity shows significant interest in the $155 strike call options expiring February 21, 2025, suggesting some bullish sentiment
Price Target for Next Week Based on technical indicators and recent price action:
- Bullish scenario (40% probability): Break above $143.24 could push price to $145.55
- Neutral scenario (45% probability): Consolidation between $135.78-$143.24
- Bearish scenario (15% probability): Break below $135.78 could test $133.48
Trading Recommendation SELL with target entry at $142.00-$143.00
- Stop loss: $145.55
- First target: $135.78
- Second target: $133.48
The recommendation is based on:
- Negative MACD indicating bearish momentum
- Price struggling at Fibonacci resistance levels
- RSI showing neutral conditions with room to move lower
- Recent strong gains may lead to profit taking
DDOG Similar Chart Price Prediction
The price of DDOG is predicted to go up -3.57%, based on the high correlation periods with HURA. The similarity of these two price pattern on the periods is 97.74%.
DDOG
HURA
Down: -3.57%Similarity: 97.74%
DDOG Revenue Forecast
DDOG EPS Forecast
DDOG FAQs
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DDOG VS S&P500
Datadog has strong secular tailwinds as the FSMA market is expected to grow rapidly.
Datadog's additional products, including its more recent security offerings, can offer different points of entry into potential clients' IT ecosystems.
Datadog has focused primarily on small and medium-size clients. We see a big enterprise opportunity for the firm.
DDOG Analyst's Forecast
Sanjit Singh
Morgan Stanley
Buy → Hold
Price Target
$143
Upside
+4.54%
Morgan Stanley downgraded Datadog to Equal Weight from Overweight with an unchanged price target of $143. While Datadog's evolution from a system of alerting to system of action represents a "highly compelling" long-term opportunity, the potential for slower growth in the first half of 2025 makes the stock's risk/reward more balanced until the artificial intelligence inference catalyst emerges, the analyst tells investors in a research note. The firm sees some modest risk to Datadog's initial fiscal 2025 revenue growth outlook, which it says may come in slightly below consensus calling for 22% growth.
Joel Fishbein
Truist Securities
Strong Buy → Hold
Price Target
$170 → $150
Upside
+6.08%
Brent Thill
Jefferies
Strong Buy
Price Target
$155 → $170
Upside
+16.41%