Loop Capital has revised its price target for Dynatrace (DT, Financial), reducing it from $55 to $44 while maintaining a Hold rating on the stock. This adjustment comes despite consistent growth in cloud consumption observed during the quarter, as reported by the firm's proprietary industry insights.
While the company shows promise with steady booking trends, there are concerns about the underperformance in its government-related business sector. Analysts believe this sector has not met expectations, which influenced the decision to adjust the price target.
Despite these setbacks, Dynatrace (DT, Financial) continues to show resilience in other areas, particularly with its steady cloud service operations. Investors are advised to watch how the company addresses the challenges in its government sector moving forward.
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 $63.04 with a high estimate of $74.00 and a low estimate of $50.00. The average target implies an upside of 46.94% from the current price of $42.90. 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 68.79% from the current price of $42.9. 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.
