Barclays has revised its price target on Dynatrace (DT, Financial), reducing it from $67 to $55, while maintaining an Overweight rating on the company's shares. This assessment is part of a broader preview of the upcoming first-quarter earnings in the U.S. software sector. The firm suggests that the first quarter is unlikely to act as a significant driver for stock performance in this space.
The analyst notes that while current market conditions can be described as "weaker," they are not considered disastrous. However, investor attention is expected to shift mainly towards future guidance rather than immediate earnings results. Barclays indicates that most management teams across the sector are not expected to make substantial changes to their financial forecasts, given the smaller scale of the first quarter. This situation could result in continued uncertainty until the second quarter's performance is revealed.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 29 analysts, the average target price for Dynatrace Inc (DT, Financial) is $63.45 with a high estimate of $74.00 and a low estimate of $50.00. The average target implies an upside of 47.22% from the current price of $43.10. More detailed estimate data can be found on the Dynatrace Inc (DT) Forecast page.
Based on the consensus recommendation from 33 brokerage firms, Dynatrace Inc's (DT, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Dynatrace Inc (DT, Financial) in one year is $72.41, suggesting a upside of 68% from the current price of $43.1. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Dynatrace Inc (DT) Summary page.
