Goldman Sachs: 2 cloud infrastructure stock picks

Prediction   #dt #cloudinfrastructure #stockpick  

#stockpick #cloudinfrastructure

pc[Goldman’s Kash Rangan liked the look of the print, writing: “Results largely validate our thesis that Dynatrace (#DT) is a unique software infrastructure provider in that the company’s technology stack is deployed by customers not just for application monitoring and in production environments, but also in front office business use cases (for example real-time metrics on digital go-to-market assets) and in development environments. As such, Dynatrace’s strategic position is improving and customers are deploying Dynatrace more broadly and are also purchasing new modules as Dynatrace’s product portfolio expands.”

Rangan’s Buy rating while the analyst’s $62 price target leaves room for 12-month gains of ~47%. ]ce #checkafter1year Predicted By Kash Rangan, Analyst at Goldman Sachs.

pc[Overall, Rangan thinks DDOG shares have some way to go, and by some way, we mean 88% of upside. Those are the returns investors are looking at, should the stock make it all the way to Rangan's $214 price target. No need to add, the analyst’s rating is a Buy.]ce #checkafter1year Predicted By Kash Rangan, Analyst at Goldman Sachs.

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