Datadog price target lowered to $140 from $150 at Truist

Truist lowered the firm’s price target on Datadog (DDOG) to $140 from $150 and keeps a Hold rating on the shares. The company delivered Q4 results with upside to the firm’s expectations, but introduced FY25 guidance below Street expectations on both the top and bottom lines, the analyst tells investors. Investments in operating expenses, particularly go-to-market and product, are pressuring margins near term, but the firm would expect potential revenue upside to flow through to the bottom line, the analyst added.