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Fly News Breaks for October 31, 2019
Oct 31, 2019 | 05:23 EDT
Jefferies analyst Brent Thill raised his price target for Dynatrace to $23 from $21 saying the company reported fiscal Q2 results above Street estimates and raised its fiscal year revenue guidance by more than the sum of the Q2 beat and the Q3 excess guidance. Business momentum was supported by new logos, expansion activity and Classic conversions, Thill tells i investors in a research note. He thinks management can continue to deliver 20%-plus revenue growth in the coming years but keeps a Hold rating on Dynatrace due to valuation.
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