BUZZ-Dynatrace shares rise; Needham upgrades rating to 'Buy'

September 18 - ** Shares of artificial intelligence-driven cloud monitoring software provider Dynatrace DT.N rose 1.3% in pre-market trading to $56.56

** Needham upgraded the stock from "Hold" to "Buy"; target price $68

** The firm stated that the company’s continuously expanding DPS renewal user base this year “matches the timing of the booming observability market; and with the adoption of log and observability technologies in AI applications, this trend will gain further support”

** “We believe that European data sovereignty requirements will provide additional upside catalysts, partly because Dynatrace is originally from Austria” — Needham

** As of the previous trading close, the stock had risen 28.8% year-to-date

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