Canaccord lowered the firm’s price target on PagerDuty (PD) to $21 from $23 and keeps a Buy rating on the shares. The firm said its Q1 results came in slightly above guidance with revenue of $119.8M growing 8% year-over-year while disciplined cost management drove operating margin out-performance. Canaccord believes there is a pathway to an upward inflection in growth in 2026.
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