BMO Analyst Lowers Datadog Price Target To $170

On January 29, BMO Capital analyst Keith Bachman lowered Datadog's price target to $170 from $215 while maintaining an Outperform rating. He cited software valuation compression and potential OpenAI migration risk, though the firm expects a solid December quarter. The adjustment reflects caution on FY26 guidance amid uncertainty about OpenAI's future workload decisions.
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Moderate investor-relevant update with credible analyst backing, limited by single-source coverage and modest novelty and scope.
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