Dynatrace shares gain; Needham upgrades to 'buy'
18/09/2026 14:29
BUZZ-Dynatrace shares gain; Needham upgrades to 'buy' ** Shares of AI-powered cloud monitoring software provider Dynatrace DT.N rise 1.3% to $56.56 in premarket trading
** Needham raises stock's rating to "buy" from "hold"; PT $68
** Says co's mounting DPS renewal cohort this year "well-timed in conjunction with a booming Observability market; further supported by Logs and Observability for AI adoption"
** "We believe European data sovereignty requirements serve as an additional upside catalyst, thanks in part to Dynatrace's Austrian heritage" - Needham
** Up to last day's close, shares up 28.8% YTD
(Reporting by Sudeshna Ghoshal in Bengaluru)
Recent news on Dynatrace
See all newsUS RESEARCH ROUNDUP-Biogen, Datadog, Tesla
Brief: Dynatrace Units Enter Credit Agreement For Revolving Facility Up To $500 Million
U.S. STOCKS ON THE MOVE-Dynatrace, Cava Group, Halozyme Therapeutics
U.S. STOCKS ON THE MOVE-Halozyme Therapeutics, Etsy, Netflix
Dynatrace shares gain; Needham upgrades to 'buy'