Wells Fargo raised the firm’s price target on Dynatrace to $55 from $50 and keeps an Overweight rating on the shares. The firm notes Dynatrace traded up 14% intra-day off strong Q1 results, despite leaving FY25 guidance unchanged. It was a good start to the year, and FY25 estimates look conservative, which should prevent a subsequent guide down similar to last year, Wells adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DT:
- Dynatrace reaffirms FY24 non-GAAP EPS view $1.26-$1.29, consensus $1.28
- Dynatrace sees Q2 non-GAAP EPS 32c-33c, consensus 32c
- Dynatrace reports Q1 non-GAAP EPS 33c, consensus 29c
- DA Davidson technology analysts hold an analyst/industry conference call
- Dynatrace price target lowered to $49 from $54 at BMO Capital