Facing challenges of slowing growth and increased investment, Wells Fargo downgraded Datadog's rating to "Market Perform."
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Wells Fargo downgraded Datadog's rating from "Overweight" to "Market Perform," with a target price reduced from $152 to $140. The reason is the expectation that revenue growth will slow to 18-19% in 2025, higher than the previous expectation of over 20%, while operating expenses are expected to rise to over 20% to invest in large enterprise opportunities. Despite the fourth-quarter performance exceeding expectations, the revenue and earnings per share forecasts for 2025 are both below market consensus
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