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Datadog price target lowered to $170 from $215 at BMO Capital

BMO Capital analyst Keith Bachman lowered the firm’s price target on Datadog (DDOG) to $170 from $215 and keeps an Outperform rating on the shares. The company will have a solid December quarter, but the firm has concerns about FY26 guide driven by both management’s normal conservatism and OpenAI potentially migrating a portion of work away from Datadog, the analyst tells investors in a research note.

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