BMO Capital raised the firm’s price target on Dynatrace to $53 from $49 and keeps an Outperform rating on the shares. The company reported June quarter that was better than expected with solid annual recurring revenue growth, healthy margins, and moderately improved net retention rate, the analyst tells investors in a research note. Dynatrace management also reiterated FY25 guidance, which was “prudent and now conservative”, given the risks from elongated sales cycle and go-to-market changes, the firm added.
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