Shares of Dynatrace Holdings LLC (DT) soared 6.87% in pre-market trading on Thursday, following a series of positive analyst reports and an increased price target from a major financial institution. The software intelligence company's stock is gaining momentum as Wall Street expresses growing confidence in its future prospects.

RBC Capital Markets has raised its price target on Dynatrace from $60 to $64, while maintaining an Outperform rating. This upgrade comes as part of a broader positive sentiment among analysts, with the average rating for Dynatrace standing at "overweight" and a mean price target of $63, according to data from FactSet. The higher price target and maintained bullish stance from RBC suggest a strong belief in Dynatrace's growth potential and business model.

While Loop Capital Markets has maintained a more cautious Hold rating on the stock with a price target of $55, the overall analyst consensus remains optimistic. The pre-market rally indicates that investors are responding positively to these analyst assessments, particularly the upgraded price target from RBC. As the market opens, all eyes will be on Dynatrace to see if it can maintain this upward momentum throughout the trading session.