Truist lowered the firm’s price target on PagerDuty (PD) to $9 from $12 and keeps a Buy rating on the shares. The company delivered results with upside to guidance on the top and bottom lines, but churn headwinds continue to drive deceleration as dollar-based net retention dipped below 100% and as PagerDuty works through a transition phase, the analyst tells investors in a research note.
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