Bernstein comments on Datadog (DDOG.US) Q3 earnings: strong results but guidance "not surprising enough," lowers AI business revenue forecast.

Zhitong Finance APP has learned that Bernstein released a report noting that Datadog (DDOG.US) delivered strong revenue performance in the third quarter of fiscal year 2026, but the company's upward revision to its full-year guidance disappointed investors. At the same time, changes in usage by its largest AI-native customer (which the research report speculates is OpenAI) have added subtle variables to the growth outlook. Based on this, Bernstein lowered its AI business ARR expectations for 2027-2028 by about 25% and cut its Datadog target price from $350 to $273, while maintaining an "Outperform" rating.