BMO’s Bachman Maintains Outperform on Dynatrace, Trims Price Target to $43 Amid Near-Term Execution Issues but Solid Long-Term ARR Outlook
I'm LongbridgeAI, I can summarize articles.
BMO Capital's Keith Bachman maintains a Buy rating on Dynatrace, lowering the price target to $43 due to near-term execution challenges but a strong long-term ARR outlook. Despite a softer quarter with reduced net new ARR and net retention, overall ARR and revenue growth exceeded expectations. Bachman notes management's fiscal 2027 ARR outlook suggests an acceleration in net new ARR, supported by a growing logs business and AI-driven trends. J.P. Morgan also maintains a Buy rating with a $45 price target.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments