UBS Reiterates Buy Rating on Datadog (DDOG)

UBS analyst Karl Keirstead reiterated a Buy rating and $175.00 price target on Datadog (NASDAQ: DDOG)

The analyst comments: "We spoke with a handful of Datadog partners ahead of their 4Q24 print on Feb 13th, with the commentary signaling a 'stable to slightly improving' demand backdrop that tilts us to a view that a 'normal' (not out-sized) beat is the most likely scenario for Datadog in 4Q24. With the stock -15% since early-Dec and investors now more concerned about the AI native exposure and the read-through from Microsoft’s weak non-AI Azure results, sentiment has weakened. We think too much concern looks baked into the stock now and we reaffirm our BUY rating."

For an analyst ratings summary and ratings history on Datadog click here. For more ratings news on Datadog click here.

Shares of Datadog closed at $142.71 yesterday.

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