Dynatrace initiated with a Neutral at Macquarie

Macquarie initiated coverage of Dynatrace (DT) with a Neutral rating and $36 price target While Dynatrace has successfully repositioned itself as a SaaS vendor and is building “a credible position in full-stack observability,” the competitive intensity of its market and the deceleration of key metrics keep the firm on the sidelines, the analyst tells investors.