
Citigroup Issues Pessimistic Forecast for Dynatrace (NYSE:DT) Stock Price

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Citigroup has lowered its target price for Dynatrace (NYSE:DT) from $60.00 to $50.00 while maintaining a "buy" rating. This new target suggests a potential upside of 35.27% from the stock's previous close. Other analysts have also adjusted their price targets, with an average consensus target price of $47.78. Dynatrace's stock recently traded at $36.96, with a market cap of $11.02 billion. The company reported a revenue increase of 19.4% year-over-year and has announced a $1 billion share buyback plan, indicating management's belief in the stock's undervaluation.
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