Datadog price target lowered to $150 from $175 at RBC Capital

RBC Capital analyst Matthew Hedberg lowered the firm’s price target on Datadog (DDOG) to $150 from $175 and keeps an Outperform rating on the shares ahead of its earnings. Similar to prior comments, the firm anticipates strong Q4 results and a conservative revenue/margin guide that could weigh on shares but also act as a clearing event, the analyst tells investors in a research note. The analyst event will likely focus on Datadog’s positioning in an agentic/AI world, the evolving competitive environment, security, GTM strategy, and margin commentary, the firm added.