Dynatrace price target raised to $41 from $39 at Barclays

Barclays analyst Raimo Lenschow raised the firm’s price target on Dynatrace to $41 from $39 and keeps an Equal Weight rating on the shares. The company posted a solid fiscal Q3 that suggests the shares might be finding a downside support level near term, the analyst tells investors in a research note. Management is still seeing greater budget scrutiny and elongated sales cycles, but nonetheless sounded more positive and cited strong expansion deals and better new logo growth, says the firm.