Guggenheim initiated coverage of Dynatrace with a Buy rating and $58 price target, implying 26% potential upside. The firm says Dynatrace “has been a mainstay” in the observability market. The company has been on the forefront of leveraging various artificial intelligence techniques and despite survey results implying little differentiation, field conversations suggest the maturity of the company’s Davis AI engine is a point of differentiation, especially for large enterprises, the analyst tells investors in a research note.
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