Truist on Dynatrace Inc. (DT): 'Platform Strategy Alignment Driving Stability'

Truist Securities analyst Joel Fishbein Jr. reiterated a Buy rating and $70.00 price target on Dynatrace Inc. (NYSE: DT).

The analyst commented: "Platform Strategy Alignment Driving Stability; Last week we hosted Dynatrace CFO Jim Benson and their IR team on a conference call to take a deeper dive into the business and their outlook for the year ahead. The conversation showcased the progress that the company has made in their go-to-market motion, the traction that they are seeing with their platform strategy, and the financial impact of their DPS contracts. We see DT shares as attractive at current levels as they trade at 8x EV/NTM sales versus our infrastructure software coverage average of 9x. We reiterate our Buy rating."

For an analyst ratings summary and ratings history on Dynatrace Inc. click here. For more ratings news on Dynatrace Inc. click here.

Shares of Dynatrace Inc. closed at $53.27 yesterday.

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