PagerDuty (PD) Stock: $44 Price Target And Buy Rating

By Amit Chowdhry ● Mar 17, 2022
  • The shares of PagerDuty (NYSE: PD) have received a $44 price target from Monness, Crespi, Hardt & Co. These are the details.

The shares of PagerDuty (NYSE: PD) have received a $44 price target from Monness, Crespi, Hardt & Co. And Monness, Crespi, Hardt & Co. analyst Brian White is maintaining a “Buy” rating on the shares while increasing the price target from $40.

White adjusted the rating following the company’s fourth-quarter results.

“PagerDuty reported excellent 4Q:FY22 results, issued a strong 1Q:FY23 outlook, and introduced FY:23 guidance. In our view, PagerDuty has a large opportunity in the real-time digital operations market, playing into the digital transformation trend, but with a more modest valuation compared to other next-gen software vendors. That said, this tech tape is mercurial, and the geopolitical landscape precarious,” wrote White in a research note.

PagerDuty reported a Q4 EPS of ($0.04), which was $0.02 better than the analyst estimates of ($0.06). And the revenue for the quarter was $78.5 million compared to the consensus estimate of $76.08 million.

In terms of guidance, PagerDuty expects Q1 2023 EPS of ($0.09)-($0.08), compared to the consensus of ($0.06). And PagerDuty expects Q1 2023 revenue of $81.5-$83.5 million, compared to the consensus of $80.2 million.

Plus PagerDuty expects FY2023 EPS of ($0.23)-($0.17), compared to the consensus of ($0.19). And PagerDuty expects FY2023 revenue of $360-$366 million, compared to the consensus of $352.7 million.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.