2023-03-23 07:44:09 ET
- Dynatrace ( NYSE: DT ) was initiated with a Buy rating at Stifel, price target of $45, citing strong growth potential for the infrastructure software company.
- The company is a compelling opportunity, "given the secular growth within the Observability space; the company's very healthy mix of revenue growth and profitability; the stability that comes from its enterprise focus; and its significant runway to continue to gain share."
- Amidst these tailwinds, Analyst Brad Reback writes, the company should "sustain mid-teens revenue growth with steadily increasing levels of profitability and free cash flow."
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Stifel initiates Dynatrace with Buy rating citing rising profitability and FCF levels