DA Davidson upgraded Dynatrace (DT) to Buy from Neutral with a price target of $65, up from $50. The firm’s deep dive into Observability, including its proprietary developer activity tracker and series of recent checks, compared three publicly traded observability players and it selects Dynatrace over Datadog (DDOG) and Elastic (ESTC). Dynatrace is well positioned to benefit from a number of key drivers, including AI, OpenTelemetry, and Convergence and the firm has increased confidence in its growth outlook, the analyst tells investors.
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