Barclays Maintains Equal-Weight on Dynatrace, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Equal-Weight rating on Dynatrace (NYSE:DT) and lowers the price target from $59 to $52.

March 20, 2024 | 10:22 am
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NEGATIVE IMPACT
Barclays maintains an Equal-Weight rating on Dynatrace and lowers the price target from $59 to $52.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Dynatrace's stock price. The maintenance of an Equal-Weight rating indicates that the analyst sees the company as fairly valued at its current price, but the lowered target suggests a reassessment of the company's future growth or performance expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100