BTIG analyst Gray Powell has reiterated their bullish stance on DT stock, giving a Buy rating today.
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Gray Powell has given his Buy rating due to a combination of factors that underscore Dynatrace’s accelerating growth and improving outlook. The company delivered a notably strong FQ3, with annual recurring revenue and subscription sales surpassing both his projections and broader market expectations, while net new ARR growth remained above 10% for a third straight quarter, signaling a sustained turnaround in customer demand.
Powell also highlights the raised FY26 ARR guidance and the prospect that net ARR additions will grow year over year again, indicating renewed momentum in the business. In his view, emerging AI-driven demand in application performance monitoring, increasing platform adoption that supports stronger renewals, and solid uptake in log monitoring collectively create a favorable setup for continued growth, justifying his reaffirmed Buy recommendation.
In another report released today, Canaccord Genuity also maintained a Buy rating on the stock with a $50.00 price target.