PagerDuty (NYSE:PD) Given New $15.00 Price Target at Canaccord Genuity Group

PagerDuty (NYSE:PD) had its price objective boosted by equities research analysts at Canaccord Genuity Group from $10.00 to $15.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 11.94% from the company’s current price.

PD has been the subject of a number of other research reports. Royal Bank Of Canada raised their price objective on shares of PagerDuty from $9.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Friday, August 14th. TD Cowen reissued a “buy” rating on shares of PagerDuty in a research note on Wednesday. Wall Street Zen lowered PagerDuty from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings raised PagerDuty from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Finally, UBS Group set a $13.50 price target on PagerDuty in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.94.

PagerDuty Trading Up 6.1%

PD stock traded up $0.77 during mid-day trading on Friday, reaching $13.40. 283,001 shares of the stock traded hands, compared to its average volume of 2,445,612. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.83. PagerDuty has a 52-week low of $5.70 and a 52-week high of $17.29. The company has a market cap of $1.03 billion, a P/E ratio of 6.57, a P/E/G ratio of 3.13 and a beta of 0.93. The stock’s fifty day moving average is $10.57 and its 200-day moving average is $8.40.

PagerDuty (NYSE:PD) last released its earnings results on Thursday, August 27th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. PagerDuty had a net margin of 38.60% and a return on equity of 18.20%. The business had revenue of $124.44 million for the quarter, compared to the consensus estimate of $123.27 million. During the same period last year, the firm posted $0.30 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. As a group, sell-side analysts expect that PagerDuty will post 0.58 earnings per share for the current year.

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

Institutional Investors Weigh In On PagerDuty

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in PagerDuty by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 13,066,929 shares of the company’s stock valued at $171,307,000 after purchasing an additional 472,975 shares during the last quarter. Geode Capital Management LLC increased its position in PagerDuty by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 2,113,117 shares of the company’s stock worth $27,708,000 after purchasing an additional 58,881 shares during the last quarter. Ameriprise Financial Inc. increased its position in PagerDuty by 333.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock worth $23,961,000 after purchasing an additional 1,115,577 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in shares of PagerDuty by 0.3% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,092,963 shares of the company’s stock worth $14,329,000 after purchasing an additional 3,276 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of PagerDuty by 55.4% during the 1st quarter. Millennium Management LLC now owns 1,005,111 shares of the company’s stock worth $18,363,000 after purchasing an additional 358,347 shares in the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

PagerDuty News Roundup

Here are the key news stories impacting PagerDuty this week:

• Positive Sentiment: Quarterly results topped estimates. PagerDuty reported fiscal Q2 2027 adjusted earnings of $0.32 per share, versus the $0.31 consensus, while revenue of $124.44 million exceeded expectations of $123.27 million. Revenue rose 0.8% year over year. PagerDuty Announces Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Recurring revenue and cash flow showed progress. Management said annual recurring revenue surpassed $500 million and free cash flow reached $33 million, suggesting improving monetization and financial discipline. PagerDuty Q2 2027 Earnings Call Transcript
• Positive Sentiment: Profit guidance was raised relative to consensus. Fiscal 2027 EPS guidance of $1.33–$1.37 is well above the $1.17 analyst estimate. Third-quarter EPS guidance of $0.34–$0.36 also exceeds the $0.31 consensus, supporting the case for stronger margins and earnings leverage. PagerDuty forecasts Q3 FY2027 operating margin
• Neutral Sentiment: Revenue expectations remain conservative. Fiscal 2027 revenue guidance of $491.5–$496.5 million is broadly in line with the $493.2 million consensus, while Q3 guidance of $123–$125 million is close to estimates. This indicates that the main upside case is profitability rather than accelerating sales growth.
• Negative Sentiment: PagerDuty plans to cut approximately 15% of its workforce. The restructuring may improve operating margins, with Q3 margin guidance of 26.5%–27.5%, but it also signals cost pressure and could raise concerns about execution, employee disruption, and future growth capacity. PagerDuty to cut about 15 percent of workforce

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.