UBS lowered the firm’s price target on Datadog (DDOG) to $130 from $140 and keeps a Neutral rating on the shares. The company’s Q1 results were “solid”, with revenue growth accelerting modestly, but without the magnitude of revs upside that the buy-side was expecting after the strong results from Amazon’s (AMZN) AWS and Microsoft (MSFT) Azure, the analyst tells investors in a research note.
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