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PagerDuty price target lowered to $26 from $30 at Truist

PagerDuty price target lowered to $26 from $30 at Truist

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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