Dynatrace price target raised to $65 from $63 at Canaccord

Canaccord analyst Kingsley Crane raised the firm’s price target on Dynatrace (DT) to $65 from $63 and keeps a Buy rating on the shares. The firm said its F3Q headline metrics came in a little light, but upon peeling back the onion, the business is performing about as expected. Canaccord continues to be bullish on the company’s logging opportunity, and there were some encouraging data points this quarter with 1,000 customers using logs with 50% of net-new logos added over the past year using logs.