Citigroup Maintains Buy on Dynatrace, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Fatima Boolani has maintained a 'Buy' rating on Dynatrace (NYSE:DT) but lowered the price target from $58 to $55.
August 30, 2023 | 5:56 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Citigroup's analyst has lowered the price target for Dynatrace from $58 to $55, while maintaining a 'Buy' rating.
As the issuer of the rating and price target, this news is relevant to Citigroup. However, as it is part of their regular operations, the impact on their stock is likely to be minimal.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Dynatrace's price target has been lowered by Citigroup from $58 to $55, though the 'Buy' rating is maintained.
While the lowering of the price target might initially seem negative, the maintained 'Buy' rating indicates that Citigroup still sees potential in Dynatrace. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100