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

Truist analyst Joel Fishbein 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 expectations driven by continued adoption of their core observability offering with consistent contribution from their AI native cohort, though the management introduced FY25 numbers below Street expectations on both the top and bottom lines, the analyst tells investors in a research note. Investments in operating expenses are expected to ramp in the high 20%s this year, pressuring margins near term, but the potential revenue upside should flow through to the bottom line longer term, Truist adds.