TD Cowen analyst Andrew Sherman lowered the firm’s price target on PagerDuty (PD) to $10 from $20 and keeps a Buy rating on the shares. The firm said Q4 revenue beat but the shift to usage-based model is key and is showing some good early signs incl. several large multi-year deals.
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Read More on PD:
- PagerDuty: Usage-Based Transition, Early Growth Reacceleration, and Undervalued AI-Driven Upside Support Buy Rating
- PagerDuty price target lowered to $9 from $19 at Canaccord
- PagerDuty downgraded to Market Perform from Outperform at William Blair
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- PagerDuty reports Q4 adjusted EPS 29c, consensus 25c