Stifel Downgrades Datadog to Hold, Prefers ServiceNow, Snowflake and Others

seekingalpha2023-08-10

Stifel downgraded Datadog to Hold from Buy and reduced the price target to $90 from $115.On Tuesday Datadog, which provides security platform for cloud applications, reported Q2 results, which beat ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2358753331?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-08-10 11:43","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2358753331","market":"us","top_or_hot":-1,"title":"Stifel Downgrades Datadog to Hold, Prefers ServiceNow, Snowflake and Others","media":"seekingalpha","content":"<div>\n<p>Stifel downgraded Datadog to Hold from Buy and reduced the price target to $90 from $115.On Tuesday Datadog, which provides security platform for cloud applications, reported Q2 results, which beat ...</p>\n\n<a href=\"https://seekingalpha.com/news/4000022-stifel-cuts-datadog-to-hold-prefers-servicenow-snowflake\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stifel Downgrades Datadog to Hold, Prefers ServiceNow, Snowflake and Others</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStifel Downgrades Datadog to Hold, Prefers ServiceNow, Snowflake and Others\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-10 11:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4000022-stifel-cuts-datadog-to-hold-prefers-servicenow-snowflake><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stifel downgraded Datadog to Hold from Buy and reduced the price target to $90 from $115.On Tuesday Datadog, which provides security platform for cloud applications, reported Q2 results, which beat ...</p>\n\n<a href=\"https://seekingalpha.com/news/4000022-stifel-cuts-datadog-to-hold-prefers-servicenow-snowflake\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNOW","symbol_name":"Snowflake","start_time":0,"source_url":"https://seekingalpha.com/news/4000022-stifel-cuts-datadog-to-hold-prefers-servicenow-snowflake","article_id":"2358753331","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2358753331","pubTimestamp":1691639031,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Stifel downgraded Datadog  to Hold from Buy and reduced the price target to $90 from $115. On Tuesday Datadog, which provides security platform for cloud applications, reported Q2 results, which beat expectations, but the company reduced its FY23 revenue outlook. Stifel's analysts noted that downgrading a stock after a ~17% decline is clearly suboptimal, with Datadog posting its slimmest top-line upside quarter ever (~2%) as the company highlighted a meaningful Q/Q decline in usage growth  which runs counter to what the Hyperscalers and other consumption names have said the last few months. The analysts wonder if something company-specific is not happening within the installed base. To Datadog's management's credit the H2'23 outlook is duly conservative, mainly Q4 , however it is hard to envision multiple expansion until revenue growth reaccelerates and this is unlikely until at some point in 2024, the analysts added. Due to this view, and the firm's belief that Datadog should now be s","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SNOW":"Snowflake","NOW":"ServiceNow","DDOG":"Datadog"},"translate_title":"Stifel将Datadog降级为持有，更喜欢ServiceNow、雪花和其他","themeId":"3e24a06b134544b39ea5a7e60150983f","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DDOG":1,"NOW":1,"SNOW":1},"content_text":"Stifel downgraded Datadog to Hold from Buy and reduced the price target to $90 from $115.On Tuesday Datadog, which provides security platform for cloud applications, reported Q2 results, which beat expectations, but the company reduced its FY23 revenue outlook.Stifel's analysts noted that downgrading a stock after a ~17% decline is clearly suboptimal, with Datadog posting its slimmest top-line upside quarter ever (~2%) as the company highlighted a meaningful Q/Q decline in usage growth (NRR ~120% versus ~130% Q/Q) which runs counter to what the Hyperscalers and other consumption names have said the last few months. The analysts wonder if something company-specific is not happening within the installed base.To Datadog's management's credit the H2'23 outlook is duly conservative, mainly Q4 (15% revenue growth, single digit NRR), however it is hard to envision multiple expansion until revenue growth reaccelerates and this is unlikely until at some point in 2024, the analysts added.Due to this view, and the firm's belief that Datadog should now be seen as a 20% to 25% grower versus ~30% going into print, the analysts prefer companies such as ServiceNow, MongoDB (MDB), Snowflake and Dynatrace (DT) in the infrastructure space.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2358753331"}