Dynatrace price target raised to $56 from $50 at JMP Securities

JMP Securities analyst Erik Suppiger raised the firm’s price target on Dynatrace to $56 from $50 and keeps an Outperform rating on the shares. The firm is cautious entering the Q2 earnings season for IT infrastructure, and believes even priority investments are coming under increasing scrutiny before purchase orders are issued, the analyst tells investors in a research note. Dynatrace is strategically positioned to lead its industry, the firm argues.