In a report released on February 8, Pinjalim Bora from J.P. Morgan maintained a Buy rating on Dynatrace (DT – Research Report), with a price target of $65.00. The company’s shares closed last Friday at $53.80.
According to TipRanks, Bora is a 5-star analyst with an average return of 18.8% and a 68.07% success rate. Bora covers the Technology sector, focusing on stocks such as Dynatrace, Box, and Pure Storage.
Dynatrace has an analyst consensus of Strong Buy, with a price target consensus of $65.05, a 20.91% upside from current levels. In a report released on February 9, D.A. Davidson also reiterated a Buy rating on the stock with a $65.00 price target.
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Based on Dynatrace’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $365.1 million and a net profit of $42.69 million. In comparison, last year the company earned a revenue of $297.46 million and had a net profit of $15.03 million
Based on the recent corporate insider activity of 64 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.
Read More on DT:
- 3 Best Stocks to Buy Now, 2/12/2024, According to Top Analysts
- Dynatrace price target raised to $58 from $52 at Macquarie
- Dynatrace price target raised to $56 from $50 at Loop Capital
- Dynatrace price target raised to $59 from $52 at Barclays
- Dynatrace price target raised to $65 from $61 at Goldman Sachs
