Stifel raised the firm’s price target on Dynatrace (DT) to $69 from $65 and keeps a Buy rating on the shares after having completed a survey of Dynatrace’s customer base focused on spending growth expectations, adoption of newer modules and DPS uptake. The firm believes DPS adoption momentum, coupled with go-to-market changes maturing, strong interest/feedback for Dynatrace’s log management/security offerings, and a long runway of cloud workload growth, should support mid-to-upper-teens growth in coming years, the analyst tells investors.
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Read More on DT:
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- Hold Rating on Dynatrace: Stable Growth Path with Successful DPS Licensing
- Dynatrace participates in a conference call with DA DavidsonJefferies
- Optimistic Buy Recommendation for Dynatrace Amid Strategic Expansion and Innovative Pricing Model
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