Wells Fargo analyst Andrew Nowinski raised the firm’s price target on Dynatrace (DT) to $70 from $65 and keeps an Overweight rating on the shares. The firm notes Dynatrace traded up 0.7% intra-day as management cited strong DPS and on-demand consumption trends. ODC revenue isn’t included in ARR, meaning subscriber revenue is a better near-term indicator, and the greater usage is positive for future ARR growth, Wells adds.
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