Add as a preferred source on GoogleBNP Paribas Upgrades Dynatrace, Inc. to Outperform, Lifts Target to $75
The bank raised its price target from $50, reflecting expectations for stronger annual recurring revenue growth and demand for artificial intelligence observability.
BNP Paribas upgraded Dynatrace, Inc. to Outperform from Neutral on Oct. 8, raising its price target to $75 from $50 as the software company’s annual recurring revenue (ARR) growth outlook improved.
The new target represented about 25% upside from Dynatrace’s early trading price Thursday.
The upgrade reflected expectations for improving sales productivity and stronger demand for artificial intelligence observability, which helps organizations monitor and manage technology systems.
Dynatrace’s growth outlook now centers on whether those factors can support faster ARR expansion.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.