Citi lowered the firm’s price target on Dynatrace to $55 from $58 and keeps a Buy rating on the shares. The analyst updated models in systems software following the quarterly results. New business was “surprisingly robust” but expansion momentum came mixed, slowing for historically strong performers and contracting for others, the analyst tells investors in a research note.
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Read More on DT:
- Dynatrace initiated with an Outperform at TD Cowen
- Dynatrace price target raised to $55 from $53 at Canaccord
- Dynatrace price target lowered to $52 from $55 at Barclays
- Dynatrace raises FY23 EPS view to $1.03-$1.06 from 98c-$1.02
- Dynatrace sees Q2 non-GAAP EPS 26c-27c, consensus 22c
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