Dynatrace (DT) Dynatrace is well-positioned to gain market share in the growing market for observability software that monitors digital systems, while the outlook appears murky for near-term revenue growth, UBS Securities said Tuesday in a report.
"Dynatrace's valuation looks reasonable, but we're comfortable waiting on the sidelines pending more confidence in the growth profile and sales execution," UBS said.
Despite favorable factors, including stable observability software spending, strong product performance and market share gains, Dynatrace's recent results were "uneven," UBS said.
UBS initiated coverage of Dynatrace with a neutral rating and a 12-month price target of $58.
Shares of Dynatrace fell 0.8% in recent Wednesday trading.
Price: 55.17, Change: -0.44, Percent Change: -0.80
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