As previously reported, Wedbush analyst Taz Koujalgi initiated coverage of Dynatrace with a Neutral rating and $35 price target. The analyst notes that feedback on the company’s technology and competitive positioning is positive, and it is one of the few vendors in the space that support a hybrid deployment model. However, the company has experienced slowdown recently in its net new ARR and has guided down its annual ARR guide twice in a row, Koujalgi highlights. His analysis also suggests that the company’s "sales productivity" has been declining for the past few quarters. His analysis also indicates a slight risk to 2024’s ARR guide.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on DT: