JP Morgan Maintains Overweight on Dynatrace, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Pinjalim Bora maintains an Overweight rating on Dynatrace (NYSE:DT) but lowers the price target from $65 to $60.
April 01, 2024 | 2:12 pm
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NEUTRAL IMPACT
Dynatrace's price target was lowered from $65 to $60 by JP Morgan, although the Overweight rating was maintained.
The reduction in price target by JP Morgan could have a mixed impact on Dynatrace's stock. While the maintenance of an Overweight rating suggests a positive outlook on the company, the lowered price target might cause some investors to adjust their expectations downwards. However, the overall impact is likely to be neutral in the short term as the positive rating indicates continued confidence in the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100