These Analysts Revise Their Forecasts On Datadog After Q2 Results
Portfolio Pulse from Lisa Levin
Datadog, Inc. (NASDAQ:DDOG) reported better-than-expected Q2 results but issued a weak sales forecast for Q3. The company's shares fell 22.7% in pre-market trading. Rosenblatt and Needham revised their price targets on Datadog following the earnings announcement.
August 08, 2023 | 5:29 pm
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Datadog's Q2 results exceeded expectations but the company's weak Q3 sales forecast led to a drop in its share price. Analysts revised their price targets.
Datadog's better-than-expected Q2 results were overshadowed by a weak Q3 sales forecast, leading to a drop in its share price. This news is highly relevant and important for investors as it directly impacts the company's stock price.
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