Truist lowered the firm’s price target on Datadog (DDOG) to $120 from $140 and keeps a Hold rating on the shares. Following a strong close to FY25 that provided improved visibility into both AI-driven and core demand, the firm sees potential for momentum to carry into the new fiscal year as broader-based utilization trends persist. Truist continues to expect Datadog’s largest customer to decline as a percentage of overall revenue in the year ahead as growth within the account slows and is offset by expansion across the broader customer base.
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