Datadog (DDOG) Price Target Raised to $226 Despite Downgrade
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowOn July 6, Bernstein SoC Gen raised Datadog, Inc.'s (DDOG) price target to $226 from $180, but downgraded it to Market Perform from Outperform. Concerns include a potential 100-basis point (1.00%) decline in non-AI revenue, which makes up 85% of total revenue, and a 500-basis-point (5.00%) slowdown in growth rate to around 29% in the fourth quarter. This follows investor estimates for growth at 30% to 40%. The downgrade could signal challenges for investors as demand for Datadog's services shows signs of slowing down.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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