Truist lowered the firm’s price target on PagerDuty (PD) to $23 from $26 and keeps a Buy rating on the shares. The company delivered Q1 results that were within the guidance range, as execution headwinds limited the upside and led management to cut their revenue outlook for the year, the analyst tells investors in a research note. In particular, PagerDuty called out increased churn in the commercial segment and some downsells in the enterprise, the firm added.
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