Dynatrace Inc. (DT) PT Raised to $70 at DA Davidson

DA Davidson analyst Gil Luria raised the price target on Dynatrace Inc. (NYSE: DT) to $70.00 (from $65.00) while maintaining a Buy rating.

The analyst said, "Dynatrace reported a healthy quarter with on demand consumption from DPS customers outperforming expectations. Dynatrace continues to take market share, particularly with its log management product. Go-to-market changes have contributed to an improvement in the sales pipeline and Dynatrace remains aggressive on expanding sales headcount. With DPS contributing meaningfully to growth, we reiterate our BUY rating and raise our price target to $70."

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