In a report released today, Joel Fishbein from Truist Financial reiterated a Buy rating on Dynatrace (DT – Research Report), with a price target of $60.00. The company’s shares closed yesterday at $47.75.
According to TipRanks, Fishbein is a 5-star analyst with an average return of 17.1% and a 60.94% success rate. Fishbein covers the Technology sector, focusing on stocks such as Zscaler, Gitlab, and Check Point.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Dynatrace with a $59.11 average price target, implying a 23.79% upside from current levels. In a report released today, Scotiabank also reiterated a Buy rating on the stock with a $52.00 price target.
DT market cap is currently $14.13B and has a P/E ratio of 92.20.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Dynatrace (DT) Company Description:
Dynatrace, Inc. offers software intelligence platform, purpose-built for the enterprise cloud. The firm’s platform utilizes artificial intelligence at its core and advanced automation to provide answers, not just data, about the performance of applications, the underlying hybrid cloud infrastructure, and the experience of the customers’ users. It specializes in cloud ecosystem integration, incident and alert management integration, DevOps CI/CD integration, user experience and business intelligence insights. The company was founded in 2014 and is headquartered in Waltham, MA.
