Wells Fargo Analyst Increases Price Target on Dynatrace to 60

As of May 18, 2023, Wells Fargo’s Andrew Nowinski has maintained his Overweight rating on Dynatrace (NYSE:DT) and has increased the price target from $54 to $60. Nowinski is a Senior Research Analyst at Wells Fargo, specializing in the Cybersecurity, Analytics, and Infrastructure Software sectors. TipRanks rates him as a 4.71-star Wall Street Analyst who focuses on the Technology sector and covers 54 stocks with a 51.32% success rate. Dynatrace (DT) is a company that offers software intelligence platform services for enterprise cloud applications.

DT Stock Performance and Analysis on May 18, 2023: Positive Start with High Volume and Overvalued Ratios

On May 18, 2023, DT stock had a positive start with an opening price of $48.41, which was higher than the previous day’s closing price of $47.07. Throughout the day, the stock had a range of $47.77 to $49.75, with a volume of 8,105,114 shares traded.

DT’s market capitalization was $13.5 billion, and its earnings growth last year was -31.63%. However, the company had a positive earnings growth this year at 28.97%, and it is also expected to have a 15.56% earnings growth in the next five years. Additionally, DT had a revenue growth of 32.12% last year.

The P/E ratio of DT was 492.5, which is quite high compared to the industry average. The price/sales ratio was 14.74, and the price/book ratio was 10.21. These ratios indicate that the stock may be overvalued.

On the day of May 18, 2023, DT’s stock had a positive change of $1.34 or 2.85%, closing at $48.41.

DT’s next reporting date was on August 2, 2023, and the EPS forecast for this quarter was $0.22.

DT operates in the technology services sector and is categorized under the packaged software industry. The company’s corporate headquarters are located in Waltham, Massachusetts.

In conclusion, DT’s stock had a positive performance on May 18, 2023, with a higher opening price, positive change, and higher volume than the average of the past three months. However, the high P/E ratio and overvalued ratios may indicate that the stock is not a good investment option.

Dynatrace Inc Stock Performance Shows Promise with Analysts Predicting 7.83% Increase

On May 18, 2023, Dynatrace Inc (DT) stock showed a promising performance. According to CNN Money, the 24 analysts offering 12-month price forecasts for Dynatrace Inc had a median target of 53.00, with a high estimate of 60.00 and a low estimate of 38.00. The median estimate suggested a +7.83% increase from the last price of 49.15.