BMO Capital raised the firm’s price target on Dynatrace (DT) to $63 from $60 and keeps an Outperform rating on the shares. The company posted a solid Q4 with all key metrics better than consensus estimates, the analyst tells investors in a research note. Investors will increasingly focus on subscription revenue growth, which better reflects the impact of ODC, On-Demand Consumption, and will likely continue to grow, BMO added.
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