What Analysts Are Saying About Dynatrace Stock
Portfolio Pulse from Benzinga Insights
Analysts have recently updated their ratings and price targets for Dynatrace (NYSE:DT), with 6 analysts offering views that range from bullish to bearish. Over the past three months, the sentiment has been predominantly bullish, with 5 bullish and 1 somewhat bullish rating. The average 12-month price target for DT is now $65.00, up from the previous $57.60, indicating a potential increase of 12.85%. Notable analysts from firms like Citigroup, Truist Securities, Jefferies, Scotiabank, and Needham have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Dynatrace, a cloud-native company, has shown a revenue growth of 25.91% as of September 30, 2023, but faces challenges with below-average net margin, ROE, and ROA. Its debt-to-equity ratio is below the industry average, suggesting a healthier balance between debt and equity.
January 22, 2024 | 1:00 pm
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Analysts have a bullish outlook on Dynatrace with an increased average price target of $65.00, suggesting a potential stock price increase. The company's strong revenue growth is a positive indicator, while challenges in profitability metrics may raise concerns.
The bullish sentiment from analysts, reflected in the raised price targets, is likely to have a positive impact on Dynatrace's stock price in the short term. The strong revenue growth rate is a key driver of this optimism. However, the concerns regarding profitability metrics such as net margin, ROE, and ROA may temper the impact. The low debt-to-equity ratio is another positive factor that could influence investor sentiment favorably.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100