TD Cowen lowered the firm’s price target on Dynatrace (DT) to $50 from $60 and keeps a Buy rating on the shares. The firm previewed its results and said they expect a beat versus the fimmr’s estimates. Their checks were largely solid with one GSI seeing strong big deal activity and& DPS expansions, but another expects more modest expansions.
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Read More on DT:
- Dynatrace: Compelling Valuation and Durable Growth Supported by DPS Renewals and Logs Upside
- Dynatrace price target lowered to $50 from $56 at RBC Capital
- Dynatrace to acquire Bindplane, terms not disclosed
- Dynatrace: Undervalued Growth with Durable ARR Momentum and Solid Margins Driving a Buy Rating
- Dynatrace initiated with a Neutral at Macquarie