Dynatrace Inc. (DT) PT Lowered to $62 at BMO Capital

BMO Capital analyst Keith Bachman lowered the price target on Dynatrace Inc. (NYSE: DT) to $62.00 (from $63.00) while maintaining a Outperform rating.

The analyst comments "As one of the first software companies to report in the August earnings cycle, DT had solid results, led by very healthy net new ARR growth of $51 million vs $46 million in last year’s June quarter and 55% FCF margins. FY26 guidance essentially remained in place, though new logo adds were a touch light. We envision modest upside to both ARR and sub revenues as the year unfolds, and combined with a reasonable valuation we think supports our Outperform rating and updated $62 target price."

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