RBC Capital raised the firm’s price target on Dynatrace to $60 from $52 and keeps an Outperform rating on the shares ahead of its Q1 results this week. Bullish job posting trends should drive the upside for the quarter, and the company could also increasingly consolidate enterprise monitoring spend amid bullish checks on DPS and Grail in particular, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on DT: