Datadog price target lowered to $145 from $152 at Barclays

Barclays analyst Raimo Lenschow lowered the firm’s price target on Datadog to $145 from $152 and keeps an Overweight rating on the shares. The Q1 results for Datadog were ahead of consensus, though likely below high investor expectations following hyperscaler results over the last two weeks, the analyst tells investors in a research note. The firm thinks the shares could move lower near term as a result, but continues to believe Datadog is well positioned to reaccelerate on the back of new workloads ramping.