TD Cowen Raises Dynatrace (DT) Price Target to $68
Key Points
- TD Cowen raised its price target for Dynatrace, Inc. to $68 from $62 on October 26, 2026, while keeping a Buy rating.
- TD Cowen's $68 price target implies 5.14% upside from Dynatrace, Inc.'s ($DT) current $64.67 share price.
- As of October 26, 2026, Dynatrace's stock was recently traded at $64.67, about equal to its closing price of $64.66 on the same day.
- Dynatrace has a market cap of approximately $18.5 billion and is set to report earnings on November 3, 2026.
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On October 26, 2026, TD Cowen raised its price target for Dynatrace, Inc. (DT) from $62 to $68 while maintaining a Buy rating. This update reflects the firm's confidence in the company's growth prospects, which have been bolstered by strong recent performance.
Dynatrace is a technology company that specializes in software solutions for digital businesses, focusing on observability in complex digital environments. The firm’s new price target suggests they expect continued growth in this space.
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Dynatrace, Inc.
TD Cowen vs. the S&P 500
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Other Institutional Activity in Dynatrace
Amanah Holdings Trust holds 2,203,613 shares of Dynatrace, valued at about $127.2 million. Starboard Value LP increased its holdings by 4,433,346 shares, bringing its total to 8,866,692 shares worth approximately $573.3 million. AQR Capital Management, LLC raised its stake by 6,450,010 shares, ending with 8,317,467 shares worth around $537.8 million. First Trust Advisors LP added 893,714 shares, now holding 7,695,192 shares valued at about $497.6 million. Pictet Asset Management reduced its holdings by 3,046,297 shares, leaving it with 12,762,198 shares worth about $825.2 million.
Dynatrace, Inc. Stock Up 2.1%
Dynatrace's stock was recently traded around $64.67, which is about equal to its closing price of $64.66 on October 26, 2026. The shares are currently above their 50-day moving average by about 14.9% and significantly above their 200-day average by 47.0%. However, they are still below the 52-week high of $66.30, indicating some room for potential growth.
$DT price target
Dynatrace, Inc. daily closes and this analyst's $68 target. Not advice.
Recent Earnings
Dynatrace reported trailing twelve-month revenue of approximately $2.1 billion, with a year-over-year revenue growth of 16.2%. The company achieved an earnings per share (EPS) of $0.50. The next earnings report is scheduled for November 3, 2026, which investors will be watching closely.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
13 target cuts vs 0 raises.
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EPS & revenue
EPS beat estimates by 2.4%. Revenue missed estimates by 0.9%.
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Profit surprise
EBITDA missed by 58 percent. Operating income missed by 60 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
13 target cuts.
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Earnings quality
Operating margin up 0.9 points. Positive free cash flow.
Earnings Call Summary
Dynatrace reported a strong quarter with four hundred seventy-seven million dollars in revenue, up nineteen percent year over year. Subscription revenue grew nineteen percent and annual recurring revenue climbed sixteen percent. The company signed twelve seven-figure expansion deals and now has sixty-five percent of its revenue from their newer platform subscription model. Management highlighted momentum in logs, which grew over one hundred percent year over year, and they remain on track to hit one hundred million dollars in annual logs consumption by year-end.
Guidance Management raised the full year earnings per share guidance by two cents to a range of one dollar fifty-eight to one dollar sixty-one per share. They are keeping the annual recurring revenue growth target of thirteen to fourteen percent and expect around two billion dollars in ARR by year-end. They raised total revenue guidance by seven million dollars to account for a shift in how they recognize on-demand consumption revenue.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Insider Buying and Selling at Dynatrace, Inc.
Recently, Chief Technology Officer Bernd Greifeneder sold 50,000 shares on September 18, 2026, at an average price of $57.21, totaling approximately $2.9 million. Earlier, he sold 99 shares on September 4, 2026, for about $5,138.
Analysts Set New Price Targets
On October 26, 2026, TD Cowen maintained a Buy rating on Dynatrace, raising its price target to $68 from $62. Other analysts have also recently updated their targets, with Barclays setting a target of $71, Truist Securities at $70, and BTIG at $73, all maintaining Buy ratings.
About Dynatrace, Inc.
Dynatrace, Inc. is a software company based in Boston, MA, that provides an AI-powered observability platform. This platform helps businesses monitor and optimize their digital environments, which is crucial in today’s complex technology landscape. The firm's recent performance and analyst upgrades reflect its strong position in the software industry.
Bottom Line
Investors should pay attention to Dynatrace's upcoming earnings report on November 3, 2026, as it could provide further insights into the company's growth trajectory. With TD Cowen's updated price target and positive analyst sentiment, Dynatrace appears well-positioned for future performance.
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Source: TD Cowen's rating change on $DT (Oct 26, 2026). Written by software, not financial advice. How we make alerts