Update: Wedbush Cuts Dynatrace Price Target to $48 From $55 on Lower Growth Expectations, Maintains Outperform Rating

MT Newswires Live05-14

(Updates with the analyst's commentary.)

Wedbush lowered price target on Dynatrace (DT) to $48 from $55, highlighting near-term pressure on profitability and guidance.

There is a broader demand environment for Dynatrace's end-to-end platform but the positive outlook "will be overshadowed by a lighter than expected near-term guide due to margin pressure while ARR also came in above guidance but below Street whisper," analysts led by Dan Ives wrote in a Thursday note.

Dynatrace has an average rating of overweight and mean price target of $44.23, according to analysts polled by FactSet.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 36.60, Change: +1.87, Percent Change: +5.39

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