• Datadog (DDOG) shares are trading 4.8% down today in pre-market at $248.00 after Bernstein downgraded the stock from Outperform to Market Perform.
  • The firm raised its price target to $226 from $180, but expressed caution on Q3 earnings and beyond, citing slowing demand signals in enterprise and AI Labs.
  • The downgrade suggests investor expectations may have outpaced the underlying demand environment.