Dynatrace gains as Morgan Stanley upgrades on cloud, AI growth
BUZZ-Dynatrace gains as Morgan Stanley upgrades on cloud, AI growth ** Shares of AI-powered cloud monitoring software provider Dynatrace DT.N rise 3.7% to $50.86
** Morgan Stanley raises stock's rating to "overweight" from "equal-weight" and price target to $65 from $58, implying an about 32.5% upside from its last closing price
** Brokerage says that DT is poised to benefit on the back of strong Observability Market
** "Observability demand is the healthiest since 2022, supported by accelerating cloud growth, digital transformation and enterprise AI adoption"
** Morgan Stanley says DT's acquisition of Arize strengthens its position in AI workloads and supports its push toward autonomous operations
** 27 of 37 brokerages rate the stock "buy" or higher and ten "hold"; median PT is $60
** Including session's move, stock up 17.4% YTD
(Reporting by Anand Gopal in Bengaluru)
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