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Datadog price target lowered to $136 from $162 at BTIG

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Summary
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80% Informative

BTIG analyst Gray Powell lowered the firm’s price target on Datadog (DDOG ) to $ 136 from $ 162 and keeps a Buy rating on the shares.

BTIG added that it is taking down its price target based on a more conservative multiple assumption.

If things play out reasonably well, Datadogs could end up growing revenue at closer to a 25% year-over-year pace this year .

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