DA Davidson analyst Gil Luria lowered the firm’s price target on Dynatrace (DT) to $50 from $65 and keeps a Buy rating on the shares. The company reported another strong quarter, delivering better than expected net new annual recurring revenue driven by end-to-end observability deals, the analyst tells investors in a research note. Dynatrace continues to take market share, particularly with its log management product and go-to-market changes, leading to impressive pipeline growth, the firm added.
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