PagerDuty Shares Soar As Analysts Foresee Sharp Upside Post Q4

Analysts continue to see sharp upside in PagerDuty Inc PD post Q4 beat.
Monness Crespi analyst Brian White raised the price target to $44 from $40 (64% upside) and kept a Buy.
PagerDuty has a significant opportunity in the real-time digital operations market but a more modest valuation than other next-gen software vendors, White said.
Craig-Hallum analyst Chad Bennett cut the price target to $45 from $52 (68% upside) given the recent compression in peer multiples while keeping a Buy.
Bennett argued that PagerDuty proved that its return to 30%-plus growth in mid-2022 is a sustainable level of development for the company on a trajectory toward $1 billion of ARR.
Morgan Stanley cut the price target from $54 to $49 (83% upside), while RBC Capital raised the price target from $45 to $46 (71% upside).
Price Action: PD shares traded higher by 15.60% at $31.03 on the last check Thursday.

Analyst Calendar