Dynatrace price target raised to $58 from $54 at Rosenblatt

Rosenblatt raised the firm’s price target on Dynatrace to $58 from $54 and keeps a Buy rating on the shares ahead of the fiscal Q1 results on August 2. The analyst shifted to fiscal 2025 estimates. The firm’s channel checks suggest Dynatrace has faced continued cloud optimization headwinds and elevated deal scrutiny during its Q1, which will likely continue for the near term.