Dynatrace price target lowered to $37 from $51 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Dynatrace (DT) to $37 from $51 and keeps a Neutral rating on the shares. The observability sector showed solid performance, with results ranging from in-line to ahead of plan, the analyst tells investors in a research note. Security-related sales cycles have strengthened following recent M&A, while ongoing platform consolidation continues to benefit pure-play companies, the firm says.