Guggenheim downgraded Dynatrace (DT) to Neutral from Buy with no price target due to potentially limited ARR upside in the first half of FY25 as well as FY26 guidance risk. As the longstanding leader in application performance monitoring, Dynatrace has enjoyed above-market growth rates for many years, but the firm see risk of FY26 total ARR guidance starting at 13%-14% when management gives it with the fiscal Q4 earnings print, versus consensus of 16%, the analyst tells investors.
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