JPMorgan raised the firm’s price target on Dynatrace to $69 from $62 and keeps an Overweight rating on the shares. The analyst is “cautiously optimistic” going into Dynatrace’s fiscal Q43 print. Tactically speaking, the setup for Q3 and Q4 consensus numbers for annual recurring revenue look achievable, the analyst tells investors in a research note. The firm cites a higher peer group multiple for the target bump.
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