Datadog to see at least modest upside in Q2 revenue, says Loop Capital

Loop Capital analyst Yun Kim keeps a Buy rating and $160 price target on Datadog while noting that the firm anticipates “at least a modest revenue upside” to its Q2. Loop notes that the qualitative checks into the company’s business suggest that the overall usage trend around non-AI workloads in the quarter remained steady from Q1’s positive trajectory, adding that its industry checks also indicated favorable spending trends for new cloud deployments in the first half, which should lead to a ramp of new workloads in the second half as these new deployments go into production.