BofA initiated coverage of PagerDuty with a Buy rating and $30 price target, calling it a “market-leading” incident management software platform operator. Recent macro-related challenges have pressured revenue growth, but the firm thinks PagerDuty is poised to outperform as it improves execution and accelerates growth, the analyst tells investors.
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- Cathie Wood’s ARK Investment bought 113K shares of PagerDuty today
- Cathie Wood’s ARK Investment bought 136.6K shares of PagerDuty today
- TD Cowen downgrades PagerDuty to Market Perform with macro pressures not easing
- PagerDuty downgraded to Market Perform from Outperform at TD Cowen
- PagerDuty price target lowered to $21 from $25 at Craig-Hallum
