Datadog price target lowered to $140 from $155 at BMO Capital

BMO Capital lowered the firm’s price target on Datadog to $140 from $155 but keeps an Outperform rating on the shares. The company reported a solid quarter but had a few disappointing metrics, with Current Remaining Performance Obligation growth and operating margins impressive, but billings results and Q2 revenue guidance seen as disappointing, particularly compared to recent cloud reports, the analyst tells investors in a research note. BMO adds that it remains positive on Datadog’s expanding portfolio that “can sustain durable growth”.