Morgan Stanley analyst Sanjit Singh initiated coverage of Dynatrace with an Equal Weight rating and $60 price target. The analyst sees observability as a “must have” capability and a $28B opportunity that Dynatrace is well set up to take share in owing to its “powerful technology and breadth of capabilities.” However, the company’s growth reacceleration out of the downturn will take some time, the analyst tells investors in a research note.
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