Reported about 1 year ago
Cathie Wood, the CEO of Ark Invest, consistently bought shares of PagerDuty every trading day in June, signaling her confidence in the cloud-based provider. Despite PagerDuty's challenges with slowing revenue growth and profitability issues, some analysts see potential in its near-term prospects, anticipating a return to double-digit revenue growth and improving profitability. With shares soaring 21% in the past month and a positive outlook from analysts such as Chad Bennett, some believe there could be upside potential. However, investors should carefully consider the risks and market conditions before deciding to invest.
Source: YAHOO