Citi analyst Fatima Boolani raised the firm’s price target on Dynatrace to $68 from $58 and keeps a Buy rating on the shares. Channel feedback for observability and DevOps names was encouraging, but the sharp run-up in the stocks “leaves an unnerving stock set-up” into the Q4 prints, the analyst tells investors in a research note. In rolling forward valuation frameworks, Citi increased price targets.
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Read More on DT:
- Dynatrace price target raised to $62 from $57 at TD Cowen
- Dynatrace elevated to ‘Best-of-Breed Bison’ at DA Davidson
- Dynatrace price target raised to $70 from $60 at Truist
- Dynatrace appoints Laura Heisman as Chief Marketing Officer
- Dynatrace upgraded to Buy from Hold at Jefferies
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