Fly News Breaks for January 23, 2020
Jan 23, 2020 | 09:35 EDT
RBC Capital analyst Matthew Hedberg raised his price target on Dynatrace to $30 and kept his Outperform rating ahead of its Q3 results next week. The analyst says his checks suggest some upside to estimates and also notes that investor sentiment on the stock remains positive amid the "strong underlying fundamentals" for the company and expanding multiples of its peers. Hedberg also cites the long-term benefit of "driving adoption of the Dynatrace platform" and believes the company has "substantial runway" within its installed base and with new customers.
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