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Analyst Actions/Our Take - July 30: DT - Dynatrace

Dynatrace price target raised to $70 from $60 at Canaccord

Canaccord analyst David Hynes raised the firm's price target on Dynatrace to $70 from $60 and keeps a Buy rating on the shares. The analyst said its Q1 results were highlighted by consistent revenue expansion and from an operational standpoint grew its quote-bearing sales headcount by 30%. He said he expects the consistent execution to continue over the balance of this year.


Dynatrace price target raised to $72 from $67 at RBC Capital

RBC Capital analyst Matthew Hedberg raised the firm's price target on Dynatrace to $72 from $67 and keeps an Outperform rating on the shares. The company reported a "strong" set of Q1 results driven by the annual recurring revenue growth accelerating to 36% from 35% reported in Q4, the analyst tells investors in a research note, adding that its growing partner momentum highlights the strength of its platform.


Dynatrace price target raised to $72 from $60 at Truist

Truist analyst Joel Fishbein raised the firm's price target on Dynatrace to $72 from $60 and keeps a Buy rating on the shares. The analyst notes that the company produced another beat and raise Q1 while continuing to show strong momentum in landing new customers as well as upselling its existing base on its expanding universe of modules. The earnings call also revealed "strong indications of product interest and sales traction" outside Dynatrace's traditional APM offering, Fishbein tells investors in a research note.


Our Take:  "Dynatrace is on our trading list and being added to our favorites list. Another very positive earnings report by this company. Thye are in a good field for current business conditions. Buy the dips, buy and hold, sell puts, and occasionally on peaks sell a few covered calls." 


$DT, Dynatrace, Inc. / H1

Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal.

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