Datadog’s Upcoming Q1 Earnings Preview 
<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/DDOG'>Datadog, Inc. (NASDAQ:DDOG)</a> ahead of the upcoming Q1/23 earnings, scheduled to be released on Thursday.</p>
<p>The analysts look for essentially in-line quarterly results as management took a prudent view of guidance assuming no improvement in cloud cost optimization trends seen in the H2 of December. </p>
<p>While guidance looked conservative and the company saw record new logo ARR bookings in Q4/22, cloud usage trends appear to have deteriorated and a mid-quarter outage likely removes the opportunity for additional revenue upside. </p>
<p>Shares have been under pressure and feel fairly depressed as any signs of cloud usage improvements are likely rewarded. The analysts cut their price target to $85 from $100 while reiterating their Outperform rating.</p>

NASDAQ:DDOG