Cleveland Research upgraded Dynatrace to Buy from Neutral. The firm, which sees more large deal opportunities, wallet share gains, and cautious buyside sentiment providing opportunities for upside, sees potential for the company to guide to FY25 revenue growth of 15%-17% and views partner discussions suggesting upside to the 20%-plus level, supporting a fair value of $55 per share.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DT:
- Jefferies software/Internet analyst to hold analyst/industry conference call
- Dynatrace expands go-to-market partnership with Google Cloud
- Crocs initiated, Bill downgraded: Wall Street’s top analyst calls
- Dynatrace cut to Hold at Needham amid sustained revenue deceleration
- Dynatrace downgraded to Hold from Buy at Needham
