PagerDuty (NYSE:PD) Price Target Cut to $9.00 by Analysts at Truist Financial

Key Points

• Truist Financial cut its price target on PagerDuty from $12 to $9 but kept a Buy rating, implying about a 27% upside from the current share price.
• Several other analysts also lowered targets (RBC to $8, TD Cowen to $10), leaving a consensus rating of Hold with an average target of $13.82, and shares slipped to $7.09 after management's soft revenue guidance.
• Counterbalancing the analyst cuts, PagerDuty beat Q4 EPS estimates, issued FY‑2027 EPS guidance (1.23–1.28) above Street expectations, and highlighted an expanded AI roadmap that could drive longer‑term revenue upside.

PagerDuty (NYSE:PD - Get Free Report) had its target price reduced by equities researchers at Truist Financial from $12.00 to $9.00 in a report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's price target suggests a potential upside of 27.03% from the company's current price.

A number of other equities research analysts have also recently issued reports on PD. Royal Bank Of Canada decreased their price objective on shares of PagerDuty from $9.00 to $8.00 and set a "sector perform" rating for the company in a report on Friday. TD Cowen reduced their price target on shares of PagerDuty from $20.00 to $10.00 and set a "buy" rating for the company in a report on Friday. Zacks Research lowered shares of PagerDuty from a "strong-buy" rating to a "hold" rating in a report on Monday, January 26th. Morgan Stanley set a $9.00 price objective on shares of PagerDuty in a report on Thursday, February 19th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of PagerDuty in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $13.82.

PagerDuty Stock Down 2.5%

Shares of PD traded down $0.19 during trading hours on Friday, reaching $7.09. The company's stock had a trading volume of 3,722,720 shares, compared to its average volume of 3,312,957. The company has a 50 day moving average of $9.19 and a two-hundred day moving average of $13.00. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.23. The firm has a market cap of $650.26 million, a price-to-earnings ratio of 4.44, a P/E/G ratio of 1.84 and a beta of 0.73. PagerDuty has a 1-year low of $6.15 and a 1-year high of $19.70.

PagerDuty (NYSE:PD - Get Free Report) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. The firm had revenue of $124.79 million for the quarter, compared to analyst estimates of $122.96 million. PagerDuty had a net margin of 31.12% and a return on equity of 10.27%. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 EPS. PagerDuty has set its Q1 2027 guidance at 0.230-0.250 EPS and its FY 2027 guidance at 1.230-1.280 EPS. As a group, research analysts predict that PagerDuty will post -0.27 EPS for the current fiscal year.

Insider Buying and Selling at PagerDuty

In other PagerDuty news, Director Dan Alexandru Solomon sold 266,667 shares of the company's stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $13.35, for a total value of $3,560,004.45. Following the completion of the transaction, the director owned 2,389,665 shares in the company, valued at $31,902,027.75. This represents a 10.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 8.00% of the company's stock.

Institutional Investors Weigh In On PagerDuty

A number of institutional investors and hedge funds have recently modified their holdings of PD. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in PagerDuty by 78.3% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 323,951 shares of the company's stock worth $5,352,000 after purchasing an additional 142,232 shares during the period. ARK Investment Management LLC lifted its stake in shares of PagerDuty by 2.6% in the 3rd quarter. ARK Investment Management LLC now owns 8,827,404 shares of the company's stock worth $145,829,000 after acquiring an additional 224,769 shares during the period. Vanguard Group Inc. boosted its holdings in shares of PagerDuty by 17.1% in 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. SG Americas Securities LLC acquired a new position in shares of PagerDuty during the third quarter valued at approximately $4,312,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in PagerDuty during the 2nd quarter valued at $320,000. Institutional investors and hedge funds own 97.26% of the company's stock.

Key Stories Impacting PagerDuty

Here are the key news stories impacting PagerDuty this week:

• Positive Sentiment: Q4 beat on EPS and management highlighted progress toward profitability; FY‑2027 EPS guide (1.23–1.28) is well above Street estimates, which supports longer‑term earnings upside. Earnings Press Release
• Positive Sentiment: PagerDuty expanded its AI integration ecosystem and product roadmap (PagerDuty Advance agents, Spring 2026 release), which could drive usage-based and AI‑driven revenue acceleration over time. AI Ecosystem Announcement
• Neutral Sentiment: TD Cowen reiterated a Buy rating and cites early growth reacceleration and AI upside, but the firm also cut its price target (see negative items). TD Cowen Note
• Neutral Sentiment: William Blair reaffirmed a market‑perform rating, which is a steadying signal but not bullish. William Blair Note
• Negative Sentiment: Revenue guidance disappointed: FY revenue guide was below consensus and Q1 revenue guidance also came in under Street expectations—investors flagged a soft revenue outlook and churn concerns, driving after‑hours selling. MSN: Soft Revenue Outlook
• Negative Sentiment: Analyst target cuts: RBC lowered its target to $8 (sector perform) and TD Cowen cut its target to $10 from $20—these reductions weigh on sentiment despite differing ratings. RBC / TickerReport TD Cowen PT Cut

PagerDuty Company Profile

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.

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