Wells Fargo downgraded Datadog (DDOG) to Equal Weight from Overweight with a price target of $140, down from $152, after management guided FY25 growth “well below” Street estimates. Datadog posted “solid results,” but with growth slowing and investments ramping up, as well as uncertainty with the ramp of AI contribution, the firm sees it being “hard to sustain a premium” valuation, the analyst tells investors.
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