Dynatrace

DT · NYSE

$63.64+$2.10 (+3.41%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $61.54

DT analyst rating

BuyConsensus of 30 analysts over the last 12 months. 83% rate it a buy.

Strong buy0
Buy25
Hold5
Underperform0
Sell0

12-month price target · 37 analysts

Average $60.22 (−5.4% downside)

Low: $36.36
Now: $63.64
High: $77.70

Upgrades and downgrades

The latest rating actions, newest first

DT analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Oct 13, 2026	Maintains	Overweight	$60.00 → $71.00	56%
RBC Capital	Oct 12, 2026	Maintains	Outperform	$59.00 → $73.00	61%
UBS	Oct 1, 2026	Maintains	Buy	$65.00 → $74.00	73%
Oppenheimer	Sep 24, 2026	Maintains	Outperform	$60.00 → $71.00	67%
Needham	Sep 18, 2026	Upgrade	Hold → Buy	$68.00	63%
BMO Capital	Sep 15, 2026	Maintains	Outperform	$60.00 → $62.00	66%
BTIG	Sep 15, 2026	Maintains	Buy	$62.00	76%
Wedbush	Sep 11, 2026	Initiates	Neutral	$54.00	63%
Morgan Stanley	Aug 25, 2026	Upgrade	Equal-Weight → Overweight	$58.00 → $65.00	56%
Citigroup	Aug 18, 2026	Maintains	Buy	$62.00 → $65.00	71%

The case for and against

Updated Oct 14, 2026

Bull case

Dynatrace is favored because its unified observability platform is winning in AI, logs, and enterprise monitoring, with more than 1,000 customers observing AI/LLM workloads and AI cohorts growing 1.5x faster than non-AI customers. The Arize acquisition meaningfully strengthens its end-to-end AI observability offering, adds about $40 million of ARR and roughly 200 bps to ARR growth, while also opening a developer-led PLG motion and cross-sell opportunity across 4,000 large enterprise customers. With DPS renewals now becoming a larger catalyst, around 700 customers and 33% of Total ARR in 4QFY24 are approaching renewal, logs consumption has risen to about $200 million annualized, and management’s guidance appears conservative relative to the potential for NNARR and revenue acceleration.

Bear case

Dynatrace is vulnerable to multiple compression if growth slows, execution weakens, or investor expectations for observability and security expansion disappoint, especially given the risk that quarterly results, guidance, revenue growth, ARR growth, quota-carrying sales rep count, new logo growth, or net expansion rates deteriorate. Its long and unpredictable sales cycles, intense competition, and low switching costs make cross-selling harder and raise the odds that product proliferation across monitoring, logs, application security, and cloud security creates customer confusion and slower purchasing decisions. Although management cites a 22.5x 2028E EV/FCF and 6.0x 2028E EV/sales valuation, downside risk remains from macro volatility, risk-off sentiment, and the challenge of sustaining high revenue growth in a crowded market.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.