PagerDuty said on Tuesday that it would lay off 7% of its workforce as part of an effort to 'drive efficient growth and expand operating margins,' according to a regulatory filing.
Research analysts at Canaccord Genuity Group assumed coverage on shares of PagerDuty (NYSE:PD – Get Rating) in a report released on Thursday, MarketBeat.com reports. The brokerage set a “buy” rating and a $32.00 price target on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 15.03% from the stock’s current price. […]
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