Analyst Ratings and Price Targets: Needham analysts provided ratings and price targets for various companies, including a "Buy" for Backblaze, Cellebrite, Datadog, JFrog, N-Able, Tenable, and Varonis, while Fortinet and Check Point received "Hold" ratings.
Company Performance Insights: Key takeaways from the meetings highlighted that Backblaze is in phase 2 of its market transformation, Cellebrite expects growth to reaccelerate in 2026, and Fortinet aims to boost service revenue growth in the latter half of 2026.
Stock Price Movements: Several stocks saw price increases, including Backblaze (+4.88%) and Datadog (+1.80%), while Fortinet's stock declined slightly by 0.14%.
Future Expectations: Companies like DigitalOcean and Dynatrace are preparing for future growth with new data center capacity and expected net new ARR reacceleration, respectively, while ServiceNow faces challenges with AI and M&A risks.
Wall Street analysts forecast DT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DT is 59.12 USD with a low forecast of 50.00 USD and a high forecast of 67.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
Wall Street analysts forecast DT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DT is 59.12 USD with a low forecast of 50.00 USD and a high forecast of 67.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 41.180
Low
50.00
Averages
59.12
High
67.00
Current: 41.180
Low
50.00
Averages
59.12
High
67.00
TD Cowen
Andrew Sherman
Buy
downgrade
$65 -> $55
2026-01-21
Reason
TD Cowen
Andrew Sherman
Price Target
$65 -> $55
AI Analysis
2026-01-21
downgrade
Buy
Reason
TD Cowen analyst Andrew Sherman lowered the firm's price target on Dynatrace to $55 from $65 and keeps a Buy rating on the shares. The firm said they expect a beat and raise to cc ARR and they think 2H NNARR guide is de-risked.
Citi
Fatima Boolani
Buy
downgrade
$64 -> $60
2026-01-16
Reason
Citi
Fatima Boolani
Price Target
$64 -> $60
2026-01-16
downgrade
Buy
Reason
Citi analyst Fatima Boolani lowered the firm's price target on Dynatrace to $60 from $64 and keeps a Buy rating on the shares. Citi also added an "upside 90-day short-term view" on Dynatrace. The firm sees infrastructure software momentum carrying into 2026.
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Jefferies
Buy
downgrade
$65 -> $55
2026-01-05
Reason
Jefferies
Price Target
$65 -> $55
2026-01-05
downgrade
Buy
Reason
Jefferies lowered the firm's price target on Dynatrace to $55 from $65 and keeps a Buy rating on the shares. The firm believes 2026 will be "another year of gradual AI monetization," but thinks more meaningful growth contribution and acceleration are needed to ease AI disintermediation fears, requiring more selectivity, the analyst tells investors in an outlook note on the software group. "While we remain confident that value will ultimately accrue to the software layer, investors may need to stay patient" with sector valuation back at historical average, the analyst added.
RBC Capital
Matthew Hedberg
Outperform
to
Outperform
downgrade
$64 -> $56
2026-01-05
Reason
RBC Capital
Matthew Hedberg
Price Target
$64 -> $56
2026-01-05
downgrade
Outperform
to
Outperform
Reason
RBC Capital analyst Matthew Hedberg lowered the firm's price target on Dynatrace to $56 from $64 and keeps an Outperform rating on the shares. 2026 is likely to be a year when AI tailwinds become more evident for companies well positioned for enterprise AI adoption, while less prepared peers may remain pressured by the "AI is the death of software" narrative, the analyst tells investors in a research note. Enterprise spending appears to be stabilizing and improving in select areas, with GenAI driving innovation even as management teams remain conservative in early 2026 guidance, the firm says.
About DT
Dynatrace, Inc. is an artificial intelligence (AI)-powered observability platform. It is advancing observability for digital businesses and transforming the complexity of modern digital ecosystems into business assets. It enables organizations to analyze and automate. Its platform combines broad and deep observability, continuous runtime application security, and advanced AI to support information technology (IT) operations, development, security, and business teams, enabling organizations to optimize cloud and IT operations, accelerate secure software delivery, and improve digital performance. Its platform's solutions include infrastructure observability, application observability, AI observability, digital experience, business analytics, software delivery, threat observability, application security, and log analytics. Infrastructure observability provides visibility into a customer’s IT infrastructure layer across public and private clouds and hybrid, multicloud environments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
