Fly News Breaks for January 21, 2020
Jan 21, 2020 | 05:09 EDT
BMO Capital analyst Keith Bachman initiated coverage of Dynatrace with an Outperform rating and $35 price target. The analyst, despite new entrants to the monitoring market, is positive on the growth potential for leaders in the segment such as Dynatrace. The company has a comprehensive platform to effectively compete, particularly with large enterprise customers with proven scalability, Bachman tells investors in a research note. He believes Dynatrace's current valuation is attractive given its "durable" revenue growth of approximately 25% in fiscal 2022.
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