Dynatrace Gets Price Target Hikes By Analysts After Upbeat Results
Portfolio Pulse from Lisa Levin
Dynatrace reported better-than-expected Q4 FY23 results with a 27% YoY revenue growth of $314.48 million, beating the consensus of $304.96 million. The company also issued revenue guidance for FY24 above estimates. Following the announcement, analysts from Needham, Barclays, and Baird raised their price targets on Dynatrace.
May 18, 2023 | 11:33 am
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Dynatrace's Q4 FY23 results exceeded expectations, leading to price target hikes by Needham, Barclays, and Baird analysts.
Dynatrace's better-than-expected Q4 FY23 results and positive revenue guidance for FY24 indicate strong performance and growth potential. This has led to increased price targets from Needham, Barclays, and Baird, which is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100