AAL

DDOG Bounces Back on Fresh Analyst Coverage

DDOG is set to snap a four-day losing streak

Deputy Editor
Jan 20, 2021 at 10:28 AM
facebook X logo linkedin


The shares of Datadog Inc (NASDAQ:DDOG) are up 1.9% at $100.94 at last check, after Truist Securities initiated coverage with a "buy" rating and $120 price target. The firm cited Datadog's leadership in the converging observability market, given its cloud-native architecture and impressive infrastructure monitoring tools. Though conceding that the valuation isn't too cheap at the moment, the analyst said the shares are still attractive on a growth-adjusted basis. 

DDOG has had a volatile run on the charts lately. Since November, support at the 160-day moving average has managed to capture several pullbacks. The equity's recent rally attempt was capped off by the $108 level, however, and the shares have since seen four consecutive days of losses. Looking to stage a bounce today, Datadog stock is up over 141% year-over-year. 

Truist Securities is joining a split brokerage bunch, with 10 analysts carrying a lukewarm "hold" rating coming into today, and the remaining eight a "buy" or better. Meanwhile, the 12-month consensus price target of $105.35 is a 3.7% premium to current levels. 

Meanwhile, there's plenty of short interest to be unwound. The 15.35 million shares sold short account for 8.4% of the stock's available float, or four days of pent-up buying power at DDOG's average pace of trading.    

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.