Dynatrace price target raised to $58 from $55 at Citi

Citi analyst Fatima Boolani raised the firm’s price target on Dynatrace to $58 from $55 and keeps a Buy rating on the shares. The analyst says the Q3 reporting season in North America systems software leaves a mixed set of data points about the software demand backdrop and prospects for spending recovery into year-end. The 2024 cyber budget cadence “remains a hot button despite attractive secular dynamics,” the analyst tells investors in a research note.