Canaccord Genuity Maintains Buy on PagerDuty, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has maintained its Buy rating on PagerDuty but lowered the price target from $26 to $24.
September 04, 2024 | 6:44 pm
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Canaccord Genuity has maintained its Buy rating on PagerDuty, indicating continued confidence in the company's prospects. However, the price target has been lowered from $26 to $24, suggesting a more cautious outlook on its short-term valuation.
The maintenance of a Buy rating suggests that the analyst still sees potential upside in PagerDuty's stock. However, the reduction in the price target indicates a tempered expectation of its short-term performance, possibly due to market conditions or company-specific factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100