Truist lowered the firm’s price target on Dynatrace (DT) to $60 from $70 and keeps a Buy rating on the shares. Dynatrace “delivered solid results at the midpoint of their fiscal year with encouraging commentary around consumption,” but the firm believes that shifting dynamics in customer behavior are clouding the outlook, which includes conservatism for the timing of large deal closures as a byproduct of their strategic shift upmarket, the analyst tells investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for 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:
- Dynatrace: Strong Financial Performance and Strategic Growth Drive Buy Rating
- DA Davidson technology analysts hold an analyst/industry conference call
- Dynatrace’s Strong Q2 Performance and Strategic Growth Drive Buy Rating
- Dynatrace Receives Buy Rating Amid Strong Financial Performance and Raised Guidance
- Dynatrace raises FY26 adjusted EPS view to $1.62-$1.64 from $1.58-$1.61