Dynatrace price target lowered to $52 from $55 at Barclays

Barclays analyst Raimo Lenschow lowered the firm’s price target on Dynatrace to $52 from $55 and keeps an Equal Weight rating on the shares. The company’s Q1 annual, recurring revenue, implied Q2 net new ARR, and unchanged fiscal year ARR guidance “optically tell a story of a slightly weaker demand environment, though management’s tone was different, suggesting conservatism,” the analyst tells investors in a research note.