The stock price of Datadog (DDOG) is currently trading at $105.08 as of the latest data. Based on the technical indicators, DDOG is showing signs of a bearish trend with RSI values below 50, indicating oversold conditions. The MACD is also negative, suggesting bearish momentum.
The Fibonacci levels for DDOG show resistance at 106.37 and 108.56, with support at 99.27 and 97.08. The stock is currently trading near the pivot point of 102.82.
Recent news indicates that DDOG has received a 55% rating from the P/B Growth Investor model, indicating moderate interest based on its fundamentals and valuation. The company has shown strong revenue growth, expanding into AI, and has a high number of customers. However, the weaker-than-expected guidance for 2025 has caused some analysts to lower their price targets.
The stock is currently trading at a price-to-sales (P/S) ratio of 13.9, which is a discount to its long-term average of 28.7. This suggests that the stock may be undervalued, but the weaker guidance could impact future growth.
Based on the technical analysis and news sentiment, the stock price of DDOG is expected to reach $108 in the next trading week. However, due to the bearish trend and weaker guidance, it is recommended to sell the stock at resistance levels.
The price of DDOG is predicted to go up -10.16%, based on the high correlation periods with AVNT. The similarity of these two price pattern on the periods is 97.58%.
DDOG
AVNT
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.
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