DT
Dynatrace, Inc.

Dynatrace, Inc.DT

Technology · Software - Application
58.68USD
+0.29%
Sep 25, 2026
DT overview ready
AI-Powered Observability Platform Enabling Autonomous IT Operations
Direct platform enabler for enterprise teams operating cloud-native applications and AI workloads; it is not a pure-play AI-workload vendor because its installed base and revenue exposure remain broader observability, security, and automation.
Narrative is still early
Exposed to the Enterprise AI Deployment and Automation narrative through AI Workload Observability and Autonomous IT Operations — enabling supplier.
Advancing price action
Longer-term context reads early trend, with a near-term setup of daily advance.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Unremarkable fundamentals
Primary risk
Competition from other observability and monitoring platform providers.
Market Sep 24Filing Jun 30Price action Sep 24Research Jul 23

Conviction Level

NarrativeHeat7.9ThemeHeat6.0PriceAction8.6Valuation4.6CompanyPosition9.3
Price
Loading price history…

Price Action

Advancing price action
Longer-term context reads early trend, with a near-term setup of daily advance.
EntryBreakout + retest

Price broke through the weekly SMA200, then retested it constructively and recovered — a fresh structural entry rather than a chase.

Key Financials

Market Cap
$17.0B
Avg Volume (60D)
6.9M
60 sessions
Revenue Growth YoY
+18.8%
FY2026 vs FY2025
Gross Margin
+81.4%
Trailing twelve months
Operating Margin
+12.1%
Trailing twelve months
Free Cash Flow Yield
+3.4%
Distance from 200DMA
+39.4%
Next Earnings
2026-11-04
P/E
112.0x
EV / Sales
7.6x
Market metrics as of Sep 24, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Mar 31, 2023

Fundamentals & Valuation

Two of the three valuation perspectives say fair; peers is the dissenting view.
Dynatrace, Inc. has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

What changed

  • Dynatrace Gaining on Strong Earnings, Raised Guidance
    Dated 2026-09-04.
    2026-09-04 · source

Company Research

Thesis
Direct platform enabler for enterprise teams operating cloud-native applications and AI workloads; it is not a pure-play AI-workload vendor because its installed base and revenue exposure remain broader observability, security, and automation. The story is still emerging, so the exposure is real but early.
Opportunity
Moderate opportunity
Enterprise adoption of production generative-AI and agentic applications increases the need to observe, troubleshoot, govern, optimize, and automate increasingly dynamic software and cloud environments.
Key risk
Competition from other observability and monitoring platform providers.

Narrative & Theme

Enterprise AI Deployment and Automation
Part of AI Workload Observability and Autonomous IT Operations, with moderate fit.
DT has a genuine, specific exposure to the emerging operational-control layer for enterprise AI: production AI applications and agents create new reliability, cost, performance, security, and debugging requirements across the application-to-infrastructure stack.
Narrative HeatHeating up7.9 / 10
Theme HeatNeutral6.0 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Software - Application
What they do

Dynatrace, Inc. develops and operates an AI-powered observability platform that helps digital businesses monitor and manage the complexity of their IT ecosystems globally.

How it earns

The company primarily generates revenue through subscription-based licensing of its software platform and related services.

Products & services
AI-powered observability platform
Infrastructure observability
Application observability
Threat observability
Digital experience monitoring
Log analytics
Application security
Software delivery
Business analytics
Implementation, consulting, and training services
Customers & end markets
Digital businesses
Enterprises across North America, Europe, Middle East, Africa, Asia Pacific, and Latin America
Market position

Leader in AI-powered observability platforms within the software application monitoring industry.

Demand drivers
Low cyclicality

Demand for digital observability and security solutions tends to be stable and driven by ongoing digital transformation rather than economic cycles.