BMO Capital analyst Keith Bachman lowered the firm’s price target on Datadog to $132 from $140 and keeps an Outperform rating on the shares. The company delivered a solid Q2 with healthy expansion and a robust pipeline, even though its margins were “mixed”, the analyst tells investors in a research note. Datadog;s expanding portfolio can sustain durable growth, though BMO’s reduced price target reflects a “more uncertain macro backdrop”.
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