Truist lowered the firm’s price target on Dynatrace (DT) to $55 from $60 and keeps a Buy rating on the shares. AI and machine labor are pushing software vendors in data management, DevOps, and observability to adopt consumption-based models, the analyst tells investors in a research note. Truist argues that this model is best suited for delivering AI capabilities and that building it correctly will significantly shape future business performance.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DT:
- ‘Mini Panic’ Moment in Tech Won’t Last, Says Daniel Ives — Here Are 2 Tech Stocks He Likes Right Now
- Dynatrace’s Strong Performance and Strategic Initiatives Justify Buy Rating
- Dynatrace price target lowered to $60 from $67 at Scotiabank
- Dynatrace price target lowered to $51 from $57 at Cantor Fitzgerald
- Dynatrace price target lowered to $50 from $55 at UBS