Canaccord Genuity Group Issues Positive Forecast for PagerDuty (NYSE:PD) Stock Price

PagerDuty (NYSE:PD) had its target price boosted by Canaccord Genuity Group from $9.00 to $10.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research analysts have also weighed in on PD. TD Cowen cut their target price on PagerDuty from $20.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Morgan Stanley set a $9.00 target price on PagerDuty in a research report on Thursday, February 19th. William Blair reaffirmed a “market perform” rating on shares of PagerDuty in a research report on Friday, March 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PagerDuty in a research report on Friday, May 22nd. Finally, Royal Bank Of Canada increased their target price on PagerDuty from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.25.

PagerDuty Stock Performance

NYSE PD opened at $10.00 on Friday. The business’s 50-day moving average price is $6.72 and its 200 day moving average price is $9.43. PagerDuty has a twelve month low of $5.70 and a twelve month high of $18.00. The company has a market capitalization of $849.98 million, a PE ratio of 4.90, a price-to-earnings-growth ratio of 3.30 and a beta of 0.78. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 1.56.

PagerDuty (NYSE:PD) last released its earnings results on Thursday, May 28th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.08. The firm had revenue of $120.97 million for the quarter, compared to the consensus estimate of $119.52 million. PagerDuty had a return on equity of 17.57% and a net margin of 38.60%.The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 earnings per share. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. On average, research analysts predict that PagerDuty will post 0.34 earnings per share for the current year.

PagerDuty announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 28th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 16.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Institutional Trading of PagerDuty

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of PagerDuty by 17.1% during the third quarter. Vanguard Group Inc. now owns 12,593,954 shares of the company’s stock valued at $208,052,000 after acquiring an additional 1,840,407 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of PagerDuty by 333.2% during the third quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock valued at $23,961,000 after acquiring an additional 1,115,577 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of PagerDuty during the first quarter valued at about $6,074,000. Readystate Asset Management LP acquired a new stake in shares of PagerDuty during the third quarter valued at about $15,946,000. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of PagerDuty during the third quarter valued at about $13,710,000. 97.26% of the stock is currently owned by institutional investors and hedge funds.

Key PagerDuty News

Here are the key news stories impacting PagerDuty this week:

• Positive Sentiment: PagerDuty reported Q1 earnings of $0.32 per share, beating expectations, and revenue of $120.97 million also topped estimates. The company said results exceeded guidance for both revenue and non-GAAP operating margin, which helped boost sentiment. PagerDuty Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: The board authorized a new $100 million share buyback program, which can reduce share count and signals management believes the stock is undervalued. RTT News buyback report
• Positive Sentiment: Canaccord Genuity raised its price target on PagerDuty to $10 from $9 and maintained a buy rating, reinforcing the view that recent momentum may have more room to run.
• Neutral Sentiment: Management lifted Q2 fiscal 2027 guidance slightly above consensus, but the outlook still points to only modest growth, suggesting the business is improving but not reaccelerating sharply.
• Negative Sentiment: Some investors remain cautious because underlying fundamentals are still weak: revenue grew less than 1% year over year, ARR was flat, large-customer counts fell, and DBNRR slipped below 100%, indicating churn is outpacing expansion. PagerDuty Q1 Earnings: Still Struggling

About PagerDuty

PagerDuty, Inc engages in the operation of a digital operations management platform in the United States and internationally. The company’s digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage machine learning to correlate, process, and predict opportunities and issues. Its platform includes PagerDuty Incident Management that provides a real-time view across the status of a digital service while incorporating noise reduction to remove false positives; AIOps that applies machine learning to correlate and automate the identification of incidents from billions of events; Process Automation offers centralized design time and run time environment for orchestrating automated workflows that span across departments, technologies, and networks; Customer Service Operations, which is offered to orchestrate, automate, and scale responses to customer impacting issues.