Dynatrace price target lowered to $45 from $50 at Jefferies

Jefferies lowered the firm’s price target on Dynatrace (DT) to $45 from $50 and keeps a Buy rating on the shares. Fiscal Q4 results were “lackluster” and featured a “disconnect” between the FY27 ARR guidance and Q4 exit rate, the analyst tells investors. While bears will focus on slower enterprise AI adoption, share loss to Datadog (DDOG), and limited sales productivity proof points, the firm believes the risk/reward is “attractive” and sees Starboard’s involvement adding “strategic optionality/downside support,” the analyst added.