Analysts Shift Datadog’s Outlook After Q2 Print, See Resilience Amid Cloud Trends and Growth Concerns

Rosenblatt analyst Blair Abernethy maintained Datadog Inc (NASDAQ: DDOG) with a Buy and lowered the price target from $110 to $105.

On Tuesday, Datadog reported Q2 results that were marginally better than expected. However, continued macro cloud adoption headwinds led to a weaker second-half outlook as recent usage growth from existing customers was lower than in previous quarters.