Truist lowered the firm’s price target on PagerDuty (PD) to $26 from $30 and keeps a Buy rating on the shares. The company delivered solid Q4 results to close out a year of transition in their enterprise sales motion and multi-product platform strategy, the analyst tells investors in a research note. PagerDuty’s go-to-market adjustments implemented over the past year also continue to mature, contributing to larger multi-product strategic deals, and stabilized annual recurring revenue growth, the firm adds.
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Read More on PD:
- PagerDuty price target lowered to $22 from $24 at RBC Capital
- 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
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