PagerDuty Gets Price Target Bumps By Analysts After Better-Than-Expected Q4 Results

PagerDuty, Inc. PD reported better-than-expected fourth-quarter results.

PagerDuty posted quarterly earnings of $0.08 per share, beating analysts’ estimates of $0.02 per share. The company’s quarterly sales came in at $101.00 million beating expectations of $98.84 million.

PagerDuty said it sees Q1 adjusted EPS of $0.09 to $0.10, versus estimates of $0.03. The company expects revenue of $102 million to $104 million, versus expectations of $104.82 million.

PagerDuty shares jumped 6.9% to $29.75 in today’s pre-market trading session.

These analysts made changes to their price targets on PagerDuty following the release of results.

• Baird raised the price target on PagerDuty from $32 to $35. Baird analyst Robert Oliver maintained an Outperform rating.
• Morgan Stanley raised the price target on PagerDuty from $36 to $37. Morgan Stanley analyst Sanjit Singh maintained an Overweight rating.
• RBC Capital increased the price target on PagerDuty from $32 to $34. RBC Capital analyst Matthew Hedberg maintained the stock with an Outperform rating.

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