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Fly News Breaks for December 6, 2019
Dec 6, 2019 | 08:18 EDT
RBC Capital analyst Matthew Hedberg lowered his price target on PagerDuty to $30 after its Q3 earnings miss and a cut in FY20 guidance. The analyst notes that the disappointing quarter reflected "growing pains" around the company's new sales rep productivity, but also cites the management's expectations that the challenges around execution are temporary. Hedberg keeps his Outperform rating on PagerDuty, citing its "robust" operating environment and "strong" pipeline.