DA Davidson analyst Gil Luria raised the firm’s price target on Dynatrace (DT) to $65 from $60 and keeps a Buy rating on the shares. The company reported a healthy quarter to close out the year due to strong revenue from DPS -Dynatrace Platform Subscription – customers and resilient demand overall, the analyst tells investors in a research note. Dynatrace continues to take market share, particularly with its log management product, and its go-to-market changes are driving strong pipeline growth, the firm added.
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