Robert W. Baird analyst William Power maintained a Buy rating on Dynatrace today and set a price target of $60.00.
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William Power has given his Buy rating due to a combination of factors including Dynatrace’s strong financial performance in the second quarter. The company exceeded expectations with its subscription revenue and operating margins, showcasing robust growth. Subscription revenue grew by 17% in constant currency, and the annual recurring revenue (ARR) also saw a significant increase, indicating a healthy demand for Dynatrace’s offerings.
Moreover, Dynatrace raised its full-year subscription revenue growth guidance, reflecting confidence in its future performance. The adjusted operating margins and earnings per share also surpassed forecasts, further strengthening the financial outlook. Despite a slight deceleration in growth, the company’s guidance remains solid, suggesting that the estimates might be conservative. These positive financial indicators and the company’s strategic positioning contribute to the Buy rating.
In another report released on November 1, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $58.00 price target.