Why Dynatrace Stock Jumped on Wednesday

Why Dynatrace Stock Jumped on Wednesday

Shares of Dynatrace (NYSE: DT) rose sharply higher on Wednesday, climbing as much as 9.9%. The growth stock's gain Wednesday morning follows an analyst's move on Tuesday afternoon to initiate coverage of the cloud software company with a buy rating. Truist analyst Joel Fishbein started Dynatrace stock coverage at a $50 price target on Tuesday.