Canaccord lowered the firm’s price target on Datadog to $100 from $110 and keeps a Buy rating on the shares. The analyst said we view guidance as conservative and expect usage in Q1 will recover from the soft linearity seen at the end of December. It is increasingly evident that Datadog is feeling the effects of cloud cost optimization, and our base case is that this will weigh on top-line growth through the better part of 2023.
Published first on TheFly
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