PagerDuty's Revenue Growth Slows, Stock Plummets
Update: 2025-11-26
Description
PagerDutys third-quarter earnings met expectations but a disappointing revenue forecast led to a 25% drop in stock price. The companys growth rate projection of 1.2% for the fourth quarter, down from 4.9% in the previous quarter, caused investors to downgrade the stock and reduce price targets. The broader tech market also declined, reflecting a cautious investor sentiment due to concerns about overvalued AI-related stocks. This market caution, coupled with PagerDutys forecast, suggests a potential slowdown for high-growth tech companies.
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