Shares of Datadog Inc (NASDAQ:DDOG) came under pressure in early trading on Wednesday, even after the company Tuesday reported record fourth-quarter revenues.

Here are the key analyst insights:

Scotiabank analyst Patrick Colville maintained a Sector Outperform rating, while reducing the price target from $180 to $160.

BTIG analyst Gray Powell reaffirmed a Buy rating, but cut the price target from $221 to $170.

Needham analyst Mike Cikos reiterated a Buy rating, while reducing the price target from $220 to $155.

BofA Securities analyst Koji Ikeda reaffirmed a Buy rating and price target of $215.

Rosenblatt Securities analyst Blair Abernethy maintained a Buy rating and a $185 price target.

Check out other analyst stock ratings.

Scotiabank: Datadog's revenue grew by an "impressive" 29%, representing "the highest growth rate in 11 quarters," Colville said in a note. The outperformance was driven by the company's core (non-AI) business, where growth reaccelerated, he added.

"This broad based strength should help dispel the bear narrative that recent momentum is unsustainable and only driven by a narrow subset of customers," the analyst wrote. Datadog is benefitting from accelerating AI adoption ...