Dynatrace price target raised to $65 from $61 at Goldman Sachs

Goldman Sachs analyst Kash Rangan raised the firm’s price target on Dynatrace to $65 from $61 and keeps a Buy rating on the shares. The company reported “solid” Q3 results, though these were overshadowed by lowered ARR growth rate, the analyst tells investors in a research note. The firm adds however that it is positive on Dynatrace’s pipeline growth, DPS traction that can buoy customer expansion on consumption and cross-sell, and its multi-product adoption.