Barclays lowered the firm’s price target on Dynatrace to $52 from $59 and keeps an Equal Weight rating on the shares. The analyst says investor sentiment on Dynatrace has not been favorable lately due to the company’s lowered fiscal 2024 annual recurring revenue growth guidance and concern about the guidance for fiscal 2025. The firm likes the long-term technology story but still has concerns about the short-term drivers for the shares.
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