Greifeneder Bernd sold $5K of DT (indirect holdings)

BMO Capital Markets added Dynatrace (DT) and ServiceNow (NOW) to its top software picks for 2026, maintaining Outperform ratings and raising price targets for both. Okta (OKTA) was also included, with the analyst noting higher expectations ahead of its earnings. ServiceNow's performance obligations are expected to grow 20% YoY in Q3, with organic growth potentially reaching 20%.

BTIG kept a Buy rating on Dynatrace with a $73 price target, suggesting 14.7% upside from the Oct 20 close. The firm cites strong growth in APM and log monitoring, strategic acquisitions, and 30% projected revenue uplift from DPS renewals.

Datadog (DDOG) stock hit an all-time high of $300.68 as investors focus on AI and cloud infrastructure monitoring. RBC Capital raised its price target to $320, citing strong Q2 results and AI demand. DDOG, PLTR, and DT stocks have risen 17% to 111% year-to-date. Retail sentiment remains bullish.

Dynatrace (DT) stock rose 2.0% to $64.79, hitting a 52-week high of $65.18, after RBC Capital and Barclays raised price targets to $73 and $71, respectively. The company also announced FedRAMP Class D status, potentially expanding its market. The S&P 500 was flat, and the Nasdaq was modestly lower.

Dynatrace's shares increased after BNP Paribas upgraded its rating to Outperform from Neutral. The stock is up 2.12% on the day and 40.86% year-to-date. The upgrade was based on valuation, earnings per share revisions, and visibility metrics.

Skyworks Solutions completed its merger with Qorvo, creating a $22 billion RF semiconductor company. Qorvo shareholders received $32.50 in cash plus 0.960 Skyworks shares per Qorvo share. The combined company, trading as SWKS, expects $500 million in annual cost synergies. Dynatrace acquired Arize AI for $915 million, adding AI observability capabilities to its platform.