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FINWIRES

Dynatrace Likely to Post Solid Q4 Results, Oppenheimer Says

-- Dynatrace (DT) is likely to post solid Q4 results with potential upside to guidance driven by revenue growth acceleration, Oppenheimer said in a Wednesday research report.

Channel checks indicate a steady, competitive landscape as well as stable consumer alongside a healthy deal pipeline, which bodes well for Q4, analysts wrote.

The brokerage said it is confident on Dynatrace's sales execution, focus on expanding core enterprise base, and leveraging Grail, Smartscape, and Dynatrace Intelligence.

Further upside depends on management's ability to showcase a path to 20% revenue growth, according to the note.

The brokerage said it reiterated its outperform rating on the stock and price target of $53 per share.

Price: $36.07, Change: $+0.35, Percent Change: +0.98%

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