PagerDuty

PD · NYSE

$16.93+$0.24 (+1.44%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $16.69

PD analyst rating

HoldConsensus of 7 analysts over the last 12 months. 43% rate it a buy.

Strong buy0
Buy3
Hold3
Underperform1
Sell0

12-month price target · 10 analysts

Average $12.90 (−23.8% downside)

Low: $9.60
Now: $16.93
High: $15.75

Upgrades and downgrades

The latest rating actions, newest first

PD analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Canaccord Genuity	Aug 28, 2026	Maintains	Buy	$10.00 → $15.00	60%
Morgan Stanley	Aug 28, 2026	Maintains	Underweight	$9.00 → $10.00	56%
Truist Securities	Aug 20, 2026	Maintains	Buy	$11.00 → $13.00	64%
RBC Capital	Aug 14, 2026	Maintains	Sector Perform	$9.00 → $12.00	61%
Morgan Stanley	Jul 21, 2026	Downgrade	Equal-Weight → Underweight	$10.00 → $9.00	56%
Truist Securities	Jul 9, 2026	Maintains	Buy	$9.00 → $11.00	64%
Canaccord Genuity	May 29, 2026	Maintains	Buy	$9.00 → $10.00	60%
RBC Capital	May 29, 2026	Maintains	Sector Perform	$8.00 → $9.00	61%
Canaccord Genuity	Mar 13, 2026	Maintains	Buy	$19.00 → $9.00	60%
Truist Securities	Mar 13, 2026	Maintains	Buy	$12.00 → $9.00	64%

The case for and against

Updated Aug 30, 2026

Bull case

PagerDuty is positioning itself well in the digital operations management market, with a strong emphasis on AI and automation capabilities to improve efficiency and a growing shift towards a consumption-based pricing model. The company has shown consistent GAAP profitability and is steadily gaining traction with its Operations Cloud product. The recent CFO transition has not impacted the company's operations and we expect a successor to be named soon. PagerDuty is also committed to diversity and inclusion and has a strong focus on energy efficiency. Despite near-term seat-based headwinds, the company's long-term growth potential through new customer acquisition and expansion into new use cases is promising.

Bear case

PagerDuty is heavily reliant on existing customers for revenue growth, and with an increasingly competitive market and the potential for macroeconomic impacts, there is a risk of slowing growth. Additionally, the company's heavy reliance on subscription revenue and the importance of managing renewals could lead to volatility in financial performance. Finally, while the integration of sustainability considerations into its strategy is a positive, it may not be enough to offset potential headwinds in the market or operational challenges.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.