Dynatrace price target lowered to $50 from $57 at JPMorgan

JPMorgan analyst Pinjalim Bora lowered the firm’s price target on Dynatrace to $50 from $57 and keeps an Overweight rating on the shares. The analyst is “slightly cautious” going into Dynatrace’s fiscal Q2 print. While the firm expects Dynatrace to deliver a consistent quarter, it thinks the company will continue to maintain a conservative guidance posture, given the current macro and geopolitical climate. The lower price target accounts for a lower peer group multiple.