BMO Capital Maintains Outperform on Dynatrace, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman maintains an Outperform rating on Dynatrace (NYSE:DT) but lowers the price target from $63 to $55.

May 08, 2024 | 3:13 pm
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NEUTRAL IMPACT
BMO Capital maintains an Outperform rating on Dynatrace but lowers the price target from $63 to $55.
While the maintenance of an Outperform rating indicates continued confidence in Dynatrace's business performance and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or both. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive outlook suggests that any negative impact might be limited.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100