BMO raises Dynatrace stock price target to $63, retains Outperform

Published 14/05/2025, 23:40
BMO raises Dynatrace stock price target to $63, retains Outperform

On Wednesday, BMO Capital Markets revised its price target for Dynatrace Inc. (NYSE:DT) shares, lifting it from $60.00 to $63.00 while maintaining an Outperform rating. The adjustment follows Dynatrace’s robust performance in the fourth quarter, where the company exceeded consensus estimates across all key metrics. According to InvestingPro analysis, Dynatrace currently shows a "GREAT" financial health score and appears undervalued based on its Fair Value assessment.

Keith Bachman, an analyst at BMO Capital, noted the company’s future Annual Recurring Revenue (ARR) guidance for FY26, which appears to indicate stable or potentially improving net new ARR year-over-year, even after accounting for foreign exchange fluctuations and the impact of Online Data Collection (ODC). This optimism is supported by Dynatrace’s impressive 19.8% revenue growth over the last twelve months and industry-leading gross profit margins of 82.2%. Bachman highlighted the increasing relevance of subscription revenue growth, as it more accurately reflects ODC impacts and is expected to continue its upward trend alongside ARR.

The positive outlook is further supported by the introduction of BMO’s FY27 estimates for Dynatrace, prompting the rise in the price target to $63. Bachman’s commentary underscores the firm’s confidence in Dynatrace’s performance and trajectory, suggesting a favorable view of the company’s prospects among investors.

Dynatrace’s strong fourth-quarter showing, which surpassed market expectations, has been a key factor in BMO’s evaluation. The company’s guidance, which includes various components, seems to signal a consistent or improved pace in adding new ARR, even when considering external factors such as currency exchange rates and ODC.

In summary, BMO Capital’s updated valuation of Dynatrace stock reflects an optimistic stance on the company’s financial health and growth potential. The increased price target to $63 and the reaffirmed Outperform rating are indicative of BMO’s expectation for continued success for Dynatrace in the forthcoming fiscal year. For deeper insights into Dynatrace’s valuation and growth metrics, InvestingPro subscribers can access a comprehensive Pro Research Report, which includes detailed analysis of the company’s financial health, valuation metrics, and growth prospects among over 1,400 top US stocks.

In other recent news, Dynatrace Inc. reported its fourth-quarter 2025 earnings, surpassing expectations with an earnings per share of $0.33 compared to the forecasted $0.30. The company also reported revenue of $445 million, exceeding the anticipated $434.96 million, marking a 19% year-over-year increase in total revenue. Analysts from Jefferies, JPMorgan, and DA Davidson have all raised their price targets for Dynatrace to $65, reflecting confidence in the company’s recent performance and future prospects. Jefferies highlighted a 20% year-over-year subscription revenue growth and a 26% operating margin. JPMorgan noted strong large deal execution and increased platform usage as key factors in Dynatrace’s success, while DA Davidson emphasized the company’s market share growth and strategic adjustments in its go-to-market approach. Dynatrace’s innovative AI-powered solutions and platform expansions have been well-received, contributing to a positive outlook for fiscal year 2026. The company projects annual recurring revenue between $1.975 billion and $1.990 billion, indicating continued growth.

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