Baird lowered the firm’s price target on Datadog (DDOG) to $135 from $175 and keeps an Outperform rating on the shares. The firm updated its model following Q1 results where AI revenue is being driven higher but also higher costs.
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Read More on DDOG:
- Datadog price target lowered to $115 from $140 at Wells Fargo
- Datadog price target lowered to $145 from $150 at Canaccord
- Datadog price target lowered to $145 from $151 at Bernstein
- Datadog’s Robust Growth Amid Margin Pressures: A Hold Rating Analysis
- Datadog’s Strong Market Position and AI-Driven Growth Justify Buy Rating and Raised Price Target