As previously reported, BofA analyst Koji Ikeda downgraded PagerDuty (PD) to Underperform from Buy with a price target of $18, down from $23, as the firm does not believe a meaningful acceleration in revenue growth will be seen in calendar year 2025 given headwinds that include slow growth in the core incident response market and increasing competition. In addition, growth investments are to remain steady, so shares could lag peers until revenue growth accelerates and/or margins expand, the analyst added.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PD:
- PagerDuty downgraded to Underperform from Buy at BofA
- DA Davidson enterprise tech analysts hold analyst/industry conference call
- Options Volatility and Implied Earnings Moves Today, December 26, 2024
- PD Earnings this Week: How Will it Perform?
- Options Volatility and Implied Earnings Moves This Week, December 23 – December 26, 2024