12 Best Tech Stocks to Buy According to Hedge Funds

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10. Dynatrace, Inc. (NYSE:DT)

Average Analyst Upside: 26.18%

Number of Hedge Fund Holders: 40

Market Cap: $15.11 billion

Dynatrace, Inc. (NYSE:DT) is one of the best tech stocks to buy according to analysts. On August 27, Oppenheimer initiated coverage of Dynatrace, Inc. (NYSE:DT) with an Outperform rating and a price target of $65. As of September 2, the stock was trading at $50.11, a 29.7% implied upside.

The firm noted that Dynatrace, Inc. (NYSE:DT) is a leading observability vendor with a platform built on its Grail data lakehouse and Davis artificial intelligence engine. Oppenheimer cited that the company’s revenue growth can see a “meaningful uplift” as its pricing plan removes purchasing friction and drives multi-product use. Oppenheimer also believes that consensus estimates for the company are low.

The company is currently focusing on developing its third-generation platform, which emphasizes on autonomous intelligence. Dynatrace is leveraging the company’s Davis AI, which will help provide actionable insights and automated remediation to enterprises. This will be a departure from only providing reactive operations and preventive measures.

The stock is trading at a forward P/E ratio of 27.67x, which is reasonable given that Wall Street expects the company to grow its revenue in double digits in 2026, and its margins have been steadily improving.

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