Dynatrace price target raised to $70 from $65 at DA Davidson

DA Davidson analyst Gil Luria raised the firm’s price target on Dynatrace (DT) to $70 from $65 and keeps a Buy rating on the shares. The company reported a healthy quarter with on demand consumption from customers outperforming expectations as it continues to take market share, particularly with its log management product, the analyst tells investors in a research note. Go-to-market changes by Dynatrace have contributed to an improvement in the sales pipeline, the firm added.