PagerDuty (NYSE:PD) Price Target Cut to $20.00 by Analysts at Truist Financial

PagerDuty (NYSE:PD) had its price objective lowered by stock analysts at Truist Financial from $23.00 to $20.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 32.53% from the company’s current price.

A number of other equities analysts have also recently commented on PD. Canaccord Genuity Group lowered their target price on PagerDuty from $21.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Wall Street Zen raised shares of PagerDuty from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 31st. TD Cowen upgraded shares of PagerDuty from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Monday, July 28th. Robert W. Baird reduced their target price on shares of PagerDuty from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, September 4th. Finally, Zacks Research raised shares of PagerDuty to a “hold” rating in a research report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $18.40.

PagerDuty Trading Up 1.6%

NYSE PD opened at $15.09 on Wednesday. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.39 and a quick ratio of 2.39. The stock has a market capitalization of $1.41 billion, a P/E ratio of -94.32, a PEG ratio of 10.80 and a beta of 0.83. The firm’s 50-day moving average is $15.96 and its two-hundred day moving average is $15.76. PagerDuty has a 12 month low of $13.69 and a 12 month high of $21.98.

PagerDuty (NYSE:PD) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.09). PagerDuty had a positive return on equity of 2.81% and a negative net margin of 2.87%.The company had revenue of $123.41 million during the quarter, compared to analyst estimates of $123.52 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. PagerDuty has set its Q3 2026 guidance at 0.240-0.25 EPS. FY 2026 guidance at 1.000-1.04 EPS. On average, sell-side analysts anticipate that PagerDuty will post -0.27 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 worth $208,052,000 after purchasing an additional 1,840,407 shares in the last quarter. ARK Investment Management LLC lifted its holdings in PagerDuty by 1.9% during the 1st quarter. ARK Investment Management LLC now owns 9,170,848 shares of the company’s stock worth $167,551,000 after buying an additional 174,501 shares during the last quarter. RGM Capital LLC boosted its position in shares of PagerDuty by 12.6% during the 1st quarter. RGM Capital LLC now owns 5,649,592 shares of the company’s stock worth $103,218,000 after acquiring an additional 634,131 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of PagerDuty by 333.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock worth $23,961,000 after acquiring an additional 1,115,577 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of PagerDuty by 55.4% in the 1st quarter. Millennium Management LLC now owns 1,005,111 shares of the company’s stock valued at $18,363,000 after acquiring an additional 358,347 shares during the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

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.