10 Best Cloud Computing Stocks to Buy According to Hedge Funds

9. Dynatrace, Inc. (NYSE:DT)

Number of Hedge Fund Holders: 46

Dynatrace, Inc. (NYSE:DT) is one of the Best Cloud Computing Stocks to Buy According to Hedge Funds. On June 17, Goldman Sachs analyst Matthew Martino lifted the firm’s price objective to $50 from $45 and maintained a “Buy” rating. There have been management discussions addressing the worries related to the slower Q4 net new annual recurring revenue growth as well as ambitious FY27 guidance. Post this, there was an improvement in the firm’s confidence in Dynatrace, Inc. (NYSE:DT)’s FY 2027 outlook.

This is because the company’s management highlighted that the recent softness was mainly due to Europe. The analyst further added that several drivers were also outlined, which aid the credible path to reaccelerating growth with potential upside as the year moves forward.

In a different update, BMO Capital lifted the firm’s price objective on Dynatrace, Inc. (NYSE:DT)’s stock to $50 from $43 and maintained an “Outperform” rating. The analyst highlighted that the company gave a credible bridge to FY 2027 annualized recurring revenue targets.

Dynatrace, Inc. (NYSE:DT) offers a unified observability platform, which helps in combining AIOps, cloud monitoring, as well as application security.