Stifel raised the firm’s price target on Dynatrace (DT) to $69 from $65 and keeps a Buy rating on the shares after having completed a survey of Dynatrace’s customer base focused on spending growth expectations, adoption of newer modules and DPS uptake. The firm believes DPS adoption momentum, coupled with go-to-market changes maturing, strong interest/feedback for Dynatrace’s log management/security offerings, and a long runway of cloud workload growth, should support mid-to-upper-teens growth in coming years, the analyst tells investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DT:
- Dynatrace CEO sells $2.46M in common stock
- Dynatrace Hold Rating: Evaluating ODC Revenue Growth Amid Pricing Uncertainties
- Hold Rating on Dynatrace: Stable Growth Path with Successful DPS Licensing
- Dynatrace participates in a conference call with DA DavidsonJefferies
- Optimistic Buy Recommendation for Dynatrace Amid Strategic Expansion and Innovative Pricing Model