Dynatrace climbs after annual profit forecast hike
DT•Broker ratings and recent stock performance
Twenty-six of 37 brokerages rate the stock "buy" or higher and 11 rate it "hold". The median price target is $49.
As of the last close, the stock had risen 5.5% year to date.
Shares rise after forecast hike and quarterly beat
Shares of AI software firm Dynatrace rose 10.5% to $50.50 in premarket trading after the company lifted its annual profit forecast.
DT now sees FY27 adjusted EPS in the range of $1.97 to $1.99, up from the prior range of $1.93 to $1.95.
The company posted Q1 adjusted EPS of 48 cents and revenue of $555 million, both beating analysts' consensus estimates of 45 cents and $550 million, respectively, according to LSEG data.
