Dynatrace (DT) is well-positioned to benefit from its healthy pipeline driven by Dynatrace Platform Subscription, Wedbush said in a report Thursday after attending a Dynatrace Perform event in Las Vegas.
"We leave the event incrementally more positive on
the DT growth story going into 2025 & beyond that the Street is underestimating," Wedbush analysts, including Daniel Ives, said.
The analysts also said that the AI revolution is picking up, which will provide a stable tailwind for the company going forward.
"We expect DPS adoption to continue to accelerate," they said.
Wedbush kept its outperform rating on the stock with a price target of $67.
Price: 60.72, Change: +0.29, Percent Change: +0.47
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