Needham Upgrades Dynatrace to Buy from Hold
Listings: (NYSE:DT) (BIT:1DYT)
Fintel reports that on September 18, 2026, Needham upgraded their outlook for Dynatrace (NYSE:DT) from Hold to Buy. This rating action follows a prior action on June 25, 2026, when Needham reiterated its Hold rating on the stock. Other analysts have also recently adjusted or maintained their views. On September 15, 2026, BMO Capital maintained its Outperform rating, and BTIG reiterated its Buy rating. Earlier, on August 25, 2026, Morgan Stanley upgraded the company from Equal-Weight to Overweight.
Prior to the upgrade, Dynatrace closed at $55.83 on September 17, 2026. This latest close represents a one-week price change of +8.58% from a baseline close of $51.42 on September 10, 2026, and a one-month price change of +17.27% from a baseline close of $47.61 on August 17, 2026. As of September 15, 2026, the current consensus target mean for the stock was $59.55, which is an implied change of +6.66% from the stock's price. The current consensus target median was $61.20. This compares to a prior consensus target mean of $59.36 as of August 29, 2026, representing a consensus target revision of +0.32%.
In the recommendation period of September 1, 2026, the aggregate analyst sentiment showed 45 total recommendations, with 13 strong buy, 21 buy, 11 hold, 0 sell, and 0 strong sell ratings. This breakdown represents 75.6% positive, 24.4% hold, and 0.0% negative recommendations. In the prior period of August 1, 2026, there were 45 total recommendations, including 13 strong buy, 20 buy, 12 hold, 0 sell, and 0 strong sell ratings, representing 73.3% positive, 26.7% hold, and 0.0% negative recommendations.
Dynatrace reported its latest quarterly earnings on August 5, 2026. The company posted an actual EPS of 0.48, exceeding the estimated EPS of 0.4586, which represents an earnings surprise of +4.67%. Actual revenue for the quarter was $554,548,000.00, compared to the estimated revenue of $566,540,355.00. In its Form 10-Q filed on August 5, 2026, Dynatrace stated that the majority of its customers deploy its platform as a SaaS solution to obtain the latest features with reduced administrative effort. The filing also detailed its Dynatrace Platform Subscription licensing model, which provides a flexible subscription where customers make a minimum annual spend commitment at the platform level and consume it based on actual usage.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 18, 2026 | Needham | Hold | Buy | upgrade |
| September 15, 2026 | BMO Capital | Outperform | Outperform | maintained |
| September 15, 2026 | BTIG | Buy | Buy | reiterated |
| August 25, 2026 | Morgan Stanley | Equal-Weight | Overweight | upgrade |
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This story originally appeared on Fintel.