Analyst Scoreboard: 10 Ratings For Dynatrace
Portfolio Pulse from Benzinga Insights
Dynatrace (NYSE:DT) received mixed analyst ratings over the past three months, with a recent shift towards more bullish perspectives. The average 12-month price target for DT has been raised to $67.1, indicating a 16.94% increase from the previous target. Analysts from firms like Rosenblatt, Scotiabank, and JMP Securities have adjusted their ratings and price targets, reflecting optimism about Dynatrace's market position and financial performance, including a notable revenue growth rate of 25.91% as of September 30, 2023.
February 07, 2024 | 2:00 pm
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POSITIVE IMPACT
Dynatrace has seen a positive shift in analyst ratings, with an increased average 12-month price target of $67.1. This reflects a bullish sentiment based on its recent financial performance, including a significant revenue growth rate.
The increase in Dynatrace's average 12-month price target and the positive adjustments in analyst ratings suggest a bullish outlook for the stock. The significant revenue growth rate further supports this sentiment, indicating strong financial performance and potential for future growth. These factors are likely to positively impact DT's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100