Dynatrace price target raised to $59 from $55 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Dynatrace (DT) to $59 from $55 and keeps an Equal Weight rating on the shares. Dynatrace had a “solid” fiscal Q2, but choose to leave its FY25 outlook unchanged citing an ongoing sales transition. However, this “likely proves overly conservative making us more constructive,” the analyst tells investors in a post-earnings note.