In a recent update, Goldman Sachs analyst Kash Rangan has maintained the "Buy" rating for Dynatrace (DT, Financial), reflecting continued confidence in the company's performance and potential.
The firm has raised its price target for Dynatrace from $56.00 to $64.00, marking a 14.29% increase. This adjustment suggests that analysts anticipate upward momentum for Dynatrace's share price.
The decision to maintain the "Buy" rating, while increasing the price target, indicates a positive outlook for Dynatrace (DT, Financial) in the foreseeable future. Investors may interpret this as a signal of strong market performance and growth prospects for the company.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 28 analysts, the average target price for Dynatrace Inc (DT, Financial) is $62.43 with a high estimate of $70.00 and a low estimate of $50.00. The average target implies an upside of 17.42% from the current price of $53.17. 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 $73.14, suggesting a upside of 37.56% from the current price of $53.17. 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.
