10 AI News Updates Making Waves on Wall Street

2. Dynatrace, Inc. (NYSE:DT)

Number of Hedge Fund Holders: 45

Dynatrace, Inc. (NYSE:DT) offers a security platform for multi-cloud environments, providing monitoring, analytics, and automation services to different industries.

On January 6, TipRanks reported that Koji Ikeda from Bank of America Securities reaffirmed the Buy rating on Dynatrace (NYSE:DT) with a $70.00 price target, driven by the company’s strong position in the $50 billion observability market. Ikeda highlighted the positive feedback from partners and customers at Dynatrace’s annual conference and noted that the company’s leadership reputation is expected to boost subscription revenue and free cash flow. He also sees potential in Dynatrace’s new On Demand Consumption metric, which is viewed as a predictable revenue stream. Additionally, the company’s focus on AI-driven growth strategies supports a favorable outlook for its medium-term prospects.