Morgan Stanley lowered the firm’s price target on PagerDuty (PD) to $16 from $17 and keeps an Equal Weight rating on the shares. With Q3 ARR decelerating to 3% year-over-year and Q4 guidance calling for 1% year-over-year revenue growth and flat trailing twelve month billings, the prospect of re-accelerating growth in FY27 “appears challenging,” the analyst tells investors.
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