BTIG analyst Grey Powell lowered the agency’s price target on Datadog (DDOG) to $136 from $162 and retains a Purchase score on the shares. Whereas the corporate posted “robust” Q1 outcomes, the ahead outlook was extra combined with some shifting components as Datadog elevated income steerage for 2025 however guided working revenue about 4.5% decrease, the analyst tells traders in a analysis observe. The agency, which believes that Datadog is healthier positioned for a broader financial slowdown right now than it was in 2022, stated that if issues play out moderately properly, Datadog may find yourself rising income at nearer to a 25% year-over-year tempo this yr versus steerage at 20%. BTIG added that it’s taking down its price target on a extra conservative a number of assumption.
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