Loop Capital analyst Yun Kim raised the firm’s price target on Dynatrace to $56 from $50 and keeps a Hold rating on the shares. The company’s constant-currency Q3 ARR growth slowed to 21% from 24% in Q2, which was attributed to an increasing mix of large deals that tend to elongate the sales cycle, the analyst tells investors in a research note. Dynatrace is currently facing some growing pains around its execution as its big deal activity continues to increase, but a fine-tuning of its sales operations and go-to-market motion could minimize elevated execution risk, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DT: