PagerDuty shares are trading lower after the company reported Q4 financial results and issued Q1 and FY25 guidance below estimates. Also, Baird maintained a Neutral rating on the stock and lowered its price target from $25 to $22.
Portfolio Pulse from Benzinga Newsdesk
PagerDuty's stock trades lower following its Q4 financial results, with Q1 and FY25 guidance falling below expectations. Baird maintained a Neutral rating but reduced the price target from $25 to $22.
March 15, 2024 | 11:51 am
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PagerDuty's shares are trading lower due to disappointing Q4 results and future guidance below market expectations. Baird lowered its price target from $25 to $22 while maintaining a Neutral rating.
The negative impact on PagerDuty's stock price is primarily due to its Q4 financial performance and the issuance of Q1 and FY25 guidance that did not meet analyst expectations. Additionally, Baird's decision to lower the price target while maintaining a Neutral rating further suggests a cautious outlook on the stock's short-term growth potential, likely influencing investor sentiment negatively.
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