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Stock impact report

PagerDuty (PD) Faces Churn Headwinds and Soft Demand Despite Q4 Beat, Seen as Turnaround Opportunity [Yahoo! Finance]

PagerDuty, Inc. (PD) 
Last pagerduty, inc. earnings: 3/18 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
On March 13, BofA lowered its price target on PagerDuty, Inc. (NYSE:PD) to $6 from $12 while maintaining an Underperform rating following mixed fiscal Q4 results. Although the company exceeded expectations in the quarter, the firm cited concerns around a softer demand environment, multiple compressions across infrastructure software peers, and execution risks that could weigh on near-term sentiment. The same day, Truist also reduced its price target on PagerDuty, Inc. (NYSE:PD) to $9 from $12 while maintaining a Buy rating, noting that PagerDuty delivered upside to both revenue and earnings guidance. However, the firm pointed to ongoing churn headwinds and a decline in dollar-based net retention below 100%, reflecting a transitional phase in the business as it works to stabilize growth and improve customer retention metrics. PagerDuty (PD) Faces Churn Headwinds and Soft Demand Despite Q4 Beat, Seen as Turnaround Opportunity Rawpixel.com/Shutterstock.com PagerDuty, Inc. (NYSE: Show less Read more
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