Dynatrace initiated with an Outperform at Oppenheimer

Oppenheimer initiated coverage of Dynatrace (DT) with an Outperform rating and $65 price target The firm says Dynatrace is leading observability vendor with a platform built on its Grail data lakehouse and Davis artificial intelligence engine. The company’s revenue growth can see a “meaningful uplift” as its pricing plan removes purchasing friction and drives multi-product use, the analyst tells investors in a research note. Opco believes consensus estimates for Dynatrace are low, creating a favorable setup for multiple expansion.