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Stock impact report

BMO Maintains Outperform on Datadog (DDOG) Despite OpenAI Risk [Yahoo! Finance]

Datadog, Inc. - Class A (DDOG) 
Last datadog, inc. - class a earnings: 2/13 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
price target on the stock to $170.00 (from $215.00) while maintaining an “Outperform” rating. The firm believes DDOG's thesis is intact despite valuation compression and OpenAI migration risk. According to the firm, Datadog is poised to have a solid December quarter. However, it does have some reservations regarding FY26 guide due to management's normal conservatism and the risk that OpenAI may potentially migrate a portion of its work away from Datadog. Analyst Keith Bachman presented several scenarios based on potential OpenAI migration patterns. However, it did not adjust its financial estimates stating that the timing and scope of any potential OpenAI migration remains unclear. “Nevertheless, we are lowering our price target to $170 from $215 due to both software valuation compression and risk of OpenAI. We retain our Outperform rating.” Datadog, Inc. (NASDAQ:DDOG) offers a cloud-based SaaS platform for monitoring and analytics, specializing in cloud computing and AI-power Show less Read more
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