BMO Capital lowered the firm’s price target on Dynatrace to $49 from $54 and keeps an Outperform rating on the shares. The firm is adjusting its model with “smoother” and “modestly lower” FY25 annual recurring revenue, or ARR, estimates, the analyst tells investors in a research note. BMO adds however that it remains bullish on the monitoring market and believes that Dynatrace offers a comprehensive Observability platform with scalable and enterprise-grade technology.
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