Guggenheim analyst John DiFucci raised the firm’s price target on Dynatrace to $64 from $55 and keeps a Buy rating on the shares. The firm notes it corrected several inaccuracies in how it previously considered financial performance and modeled future revenue for Dynatrace, pointing out that its updated Adjusted New ARR calculation implies better new business momentum in FY22 and FY23. While FY24 was slightly worse, this makes for a slightly easier comp in FY25, the firm added. Current FY26 consensus growth of 16% for both Total ARR and total revenue “also seem achievable,” the firm says.
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