TD Cowen lowered the firm’s price target on PagerDuty (PD) to $20 from $22 and keeps a Buy rating on the shares. The firm noted 3Q revenue growth of 5% was at low-end of guide and FY lowered from 5-6% to 5%.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PD:
- Craig-Hallum cuts PagerDuty to Hold as growth expectations continue to deflate
- PagerDuty price target lowered to $16 from $17 at Morgan Stanley
- PagerDuty downgraded to Hold from Buy at Craig-Hallum
- PagerDuty’s Growth Challenges: Transition to Usage-Based Model Critical Amid Slowing ARR
- PagerDuty: Balancing Challenges with Strategic Growth and AI Innovations
