Morgan Stanley Maintains Overweight Rating for PagerDuty: Here's What You Need To Know

Morgan Stanley has decided to maintain its Overweight rating of PagerDuty PD and raise its price target from $36.00 to $37.00.

Shares of PagerDuty are trading up 17.37% over the last 24 hours, at $32.67 per share.

A move to $37.00 would account for a 13.24% increase from the current share price.

About PagerDuty

PagerDuty Inc is a software company that offers on-call management. Its platform harnesses digital signals from virtually any software-enabled system or device, combines it with human response data, and orchestrates teams to take the right actions in real-time. The product offerings of the company include Analytics, Visibility, Event Intelligence, and Modern Incident Response among others.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.