Dynatrace price target raised to $52 from $45 at RBC Capital

RBC Capital analyst Matthew Hedberg raised the firm’s price target on Dynatrace to $52 from $45 and keeps an Outperform rating on the shares. The company reported a "strong quarter" despite the "challenging environment", and its management noted a solid demand environment and pipeline generation, the analyst tells investors in a research note. The firm further cites Dynatrace’s emphasis on cloud optimization as a catalyst for capturing more share in what is already a sizable total addressable market around cloud workload observability.