On Nov 09, major Wall Street analysts update their ratings for $Dynatrace (DT.US)$, with price targets ranging from $55 to $65.
Morgan Stanley analyst Sanjit Singh maintains with a hold rating, and adjusts the target price from $60 to $59.
BofA Securities analyst Koji Ikeda maintains with a buy rating.
Citi analyst Fatima Boolani maintains with a buy rating, and sets the target price at $65.
Barclays analyst Raimo Lenschow maintains with a buy rating, and maintains the target price at $64.
TD Cowen analyst Andrew Sherman maintains with a buy rating, and maintains the target price at $65.
Furthermore, according to the comprehensive report, the opinions of $Dynatrace (DT.US)$'s main analysts recently are as follows:
Dynatrace recorded a 'solid' fiscal second quarter, yet opted to maintain its outlook for FY25, citing a continuing sales transition. This stance is perceived as potentially too cautious, which leads to a more optimistic view.
After Dynatrace reported better-than-expected Q2 earnings, the total annual recurring revenue growth has shown signs of stability, maintaining around 19%-20% year-over-year for the past several quarters. This trend is gradually building investor confidence despite the heightened execution risks associated with changes in the company's sales structure and longer sales cycles due to larger deal sizes. Additionally, the company experienced some early renewals in the quarter, which may be influenced by its 6-month sales compensation cycle that incentivizes first-half sales activity.
Dynatrace delivered robust second-quarter results, surpassing expectations on both revenue and earnings, with the annual recurring revenue outperforming analyst projections by $30M, driven by both favorable currency exchange conditions and robust expansion bookings. Business trends are perceived to continue positively with increasing momentum towards 2025, bolstered by an expanding Dynatrace Platform Subscription contracting mix, strong log management performance, and evolving sales changes attributable to a growing customer preference for comprehensive, all-in-one observability platforms.
Here are the latest investment ratings and price targets for $Dynatrace (DT.US)$ from 9 analysts:
Note:
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