Wells Fargo Sticks to Their Buy Rating for Dynatrace (DT)
Wells Fargo analyst Andrew Nowinski maintained a Buy rating on Dynatrace yesterday and set a price target of $50.00. The company’s shares closed yesterday at $39.37.
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According to TipRanks, Nowinski is a 5-star analyst with an average return of 14.7% and a 53.54% success rate. Nowinski covers the Technology sector, focusing on stocks such as Varonis Systems, Zscaler, and Dynatrace.
Dynatrace has an analyst consensus of Strong Buy, with a price target consensus of $49.86, representing a 26.64% upside. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $45.00 price target.
Based on Dynatrace’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $515.47 million and a net profit of $40.06 million. In comparison, last year the company earned a revenue of $436.17 million and had a net profit of $361.75 million
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