Goldman Sachs raised its price target on Dynatrace to $50 from $45 while maintaining a Buy rating. Analyst Matthew Martino cited increased confidence in the company's fiscal 2027 outlook after management addressed concerns about slower fourth-quarter net new annual recurring revenue growth and ambitious guidance. Management attributed recent softness mainly to Europe and outlined drivers for reaccelerating growth with potential upside later in the year. Separately, BMO Capital also lifted its price target on Dynatrace to $50 from $43 with an Outperform rating, noting a credible bridge to fiscal 2027 annualized recurring revenue targets.
Dynatrace Holdings LLCGoldman Sachs and BMO Capital raised price targets and maintained Buy/Outperform ratings on Dynatrace.