Dynatrace, Inc.: First Take – In-line Q4 and Guidance Unlikely A Major Catalyst

研报英文原文证据摘录

Dynatrace, Inc.: First Take – In-line Q4 and Guidance Unlikely A Major Catalyst

Barclays | Dynatrace, Inc.

Valuation Methodology: Our price target of $47 is based on an EV/CY27E FCF multiple of ~20x and our CY27E FCF estimate of $678mn.

Risks which May Impede the Achievement of the Barclays Research Valuation and Price Target: Near-term macro headwinds and slower-than-

expected adoption of the company's platform may impact growth. Longer-term competitive headwinds from other observability competitors could

also hinder the company's ability to land and expand with APM and more nascent products like Log analytics and AppSec.

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