Dynatrace Inc (NYSE: DT) Could Soon Experience A Sharp Increase In Its Share Price.

In the last trading session, 6.46 million shares of the Dynatrace Inc (NYSE:DT) were traded, and its beta was 1.06. Most recently the company’s share price was $46.25, and it changed around $0.71 or 1.56% from the last close, which brings the market valuation of the company to $13.69B. DT currently trades at a discount to its 52-week high of $61.41, offering almost -32.78% off that amount. The share price’s 52-week low was $40.43, which indicates that the current value has risen by an impressive 12.58% since then. We note from Dynatrace Inc’s average daily trading volume that its 3-month average coming to 3.91 million.

Dynatrace Inc (NYSE:DT) trade information

Instantly DT has showed a green trend with a performance of 1.56% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -15.43% year-to-date, but still up 3.89% over the last five days. On the other hand, Dynatrace Inc (NYSE:DT) is -0.17% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $58.95, which translates to bulls needing to increase their stock price by 21.54% from its current value. Analyst projections state that DT is forecast to be at a low of $35 and a high of $100.

Dynatrace Inc (DT) estimates and forecasts

Dynatrace Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -0.15 percent over the past six months and at a 20.62% annual growth rate that is well above the industry average of 11.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -12.90% in revenue this quarter, and will report an increase of 11.10% in the next quarter. The year-over-year growth rate is expected to be 23.00%, up from the previous year.

Consensus estimates provided by 28 financial analysts predict the company will bring in an average of $375.23 million in revenue for the current quarter. 26 analysts expect Dynatrace Inc to make $393.7 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $314.48 million and $326.93 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 19.30%. Forecasts for the next quarter put sales growth at 20.40%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 62.27%. Dynatrace Inc earnings are expected to increase by 20.89% in 2024, but the outlook is positive 13.95% per year for the next five years.