Dynatrace price target raised to $65 from $57 at BTIG

BTIG analyst Gray Powell raised the firm’s price target on Dynatrace to $65 from $57 and keeps a Buy rating on the shares ahead of its Q1 results. Conversations with industry contacts on the observability space and Dynatrace have yielded feedback that was predominantly positive, and there is potential for trends to improve more meaningfully in the December 2023 and March 2024 quarters, the analyst tells investors in a research note.