Canaccord Genuity Reiterates Buy Rating on PagerDuty (PD)

Canaccord Genuity analyst Kingsley Crane reiterated a Buy rating and $19.00 price target on PagerDuty (NYSE: PD).

The analyst commented: "Looking ahead, we believe there is a pathway to an upward inflection in growth in FY27 if SMB growth can consistently tick up and large enterprises continue to elevate PD's strategic position in internal IT operations. Improving profit performance is an enduring silver lining in recent quarters, and it's reasonable that PD reaches 25% operating margins on an annual basis within the next 3 years, in our view. We view the current valuation near ~2x CY26E sales and 11x CY26E FCF as providing a very forgiving cushion in valuation
as traction improves. We reiterate our BUY rating and $19 PT, which reflects a ~3x EV/CY26E revenue multiple and 13x FCF."

For an analyst ratings summary and ratings history on PagerDuty click here. For more ratings news on PagerDuty click here.

Shares of PagerDuty closed at $15.18 yesterday.

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