Scotiabank lowered the firm’s price target on Dynatrace to $52 from $65 and keeps an Outperform rating on the shares. Dynatrace’s new annual recurring revenue growth “has been erratic, leading to large quarter-to-quarter surprises,” the analyst tells investors in a research note. The firm has concerns that Dynatrace will guide below the Street on fiscal 2025 ARR when it reports on May 15. It continues to like Dynatrace’s secular story.
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