RBC Capital lowered the firm’s price target on PagerDuty (PD) to $22 from $24 but keeps an Outperform rating on the shares. The tone of the company’s earnings call was better than the mixed results and outlook, which its management termed as “prudent”, the analyst tells investors in a research note. RBC adds it liked the profitability outperformance, success in the enterprise, expanding product portfolio, and the company’s confidence around the second half of the year.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PD:
- PagerDuty’s Strong Financial Performance and Strategic Initiatives Justify Buy Rating Despite Challenges
- PagerDuty’s Modest Growth Outlook and Cautious Sell Rating Amid Mixed Financial Indicators
- PagerDuty: Balancing Operational Efficiency with Revenue Growth Challenges Amid Macroeconomic Uncertainty
- PagerDuty price target lowered to $23 from $24 at Canaccord
- PagerDuty Reports Strong Revenue Growth and AI Expansion