This IPO offers prospects for gains

Article Excerpt

One Successful Investor way to cut IPO risk—and distinguish the good from the bad—is to wait till a new issue has survived a market slump and/or recession. And in the case of tech-focused PagerDuty, it has. The stock dropped to near $13 in March 2020 as COVID-19 took hold. But its business continued to prosper by applying artificial intelligence (AI) to help its customers shorten or avoid disruptions and to save money. Overall, this sets PagerDuty up with a winning business model that could lead to exponential growth in future years. We recommend this stock as a Power Buy. PAGERDUTY INC., $40.47, is a buy. The company (New York symbol PD; TSINetwork Rating: Extra Risk) (www.pagerduty.com; Shares outstanding: 83.6 million; Market cap: $3.4 billion; No dividends paid) operates a platform that collects real-time data from software systems and devices and then notifies its IT customers of any incident that could harm their operations. PagerDuty’s platform sits on top of a company’s technology…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.