Wedbush analyst Daniel Ives upgraded Dynatrace to Outperform from Neutral with a price target of $67, up from $55, after resuming coverage following a change in analysts. The firm cites its “incrementally better” field checks and the artificial intelligence “revolution” picking up that will provide a “stable tailwind” for Dynatrace going forward for the upgrade. Dynatrace is the leader in observability with an expanding portfolio and has a “long runway” for growth, the analyst tells investors in a research note. Wedbush believes the company has a “unique combination” of growth and profitability with the highest margins in the space.
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