PagerDuty price target lowered to $32 from $35 at Baird

Baird analyst Rob Oliver lowered the firm’s price target on PagerDuty to $32 from $35 and keeps an Outperform rating on the shares. The analyst said they continued their strong track record of execution and competitive differentiation, putting up their sixth straight quarter of revenue growth of more than 30% and achieving non-GAAP profitability one quarter ahead of schedule.