TD Cowen Issues Pessimistic Forecast for PagerDuty (NYSE:PD) Stock Price

PagerDuty (NYSE:PD) had its target price cut by research analysts at TD Cowen from $20.00 to $10.00 in a research note issued on Friday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s target price indicates a potential upside of 41.86% from the company’s current price.

PD has been the subject of several other research reports. Truist Financial dropped their target price on shares of PagerDuty from $20.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, January 7th. Zacks Research cut PagerDuty from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Canaccord Genuity Group restated a “buy” rating and set a $19.00 price target on shares of PagerDuty in a research note on Wednesday, November 26th. Weiss Ratings restated a “sell (d+)” rating on shares of PagerDuty in a research report on Monday, December 29th. Finally, William Blair reaffirmed a “market perform” rating on shares of PagerDuty in a research note on Friday. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, PagerDuty currently has a consensus rating of “Hold” and an average price target of $12.40.

PagerDuty Trading Down 3.0%

Shares of PD stock opened at $7.05 on Friday. PagerDuty has a 1-year low of $6.15 and a 1-year high of $19.70. The firm has a market cap of $646.94 million, a PE ratio of 3.83, a price-to-earnings-growth ratio of 1.77 and a beta of 0.73. The company has a 50-day moving average of $9.08 and a two-hundred day moving average of $12.92. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.37 and a quick ratio of 2.37.

PagerDuty (NYSE:PD) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. PagerDuty had a net margin of 35.30% and a return on equity of 17.01%. The business had revenue of $124.79 million for the quarter, compared to the consensus estimate of $122.96 million. During the same period in the previous year, the firm earned $0.22 EPS. The business’s revenue was up 2.7% on a year-over-year basis. PagerDuty has set its Q1 2027 guidance at 0.230-0.250 EPS and its FY 2027 guidance at 1.230-1.280 EPS. On average, analysts predict that PagerDuty will post -0.27 EPS for the current year.

Insider Buying and Selling at PagerDuty

In related news, Director Dan Alexandru Solomon sold 266,667 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $13.35, for a total transaction of $3,560,004.45. Following the sale, the director directly owned 2,389,665 shares of the company’s stock, valued at $31,902,027.75. This represents a 10.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On PagerDuty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its stake in PagerDuty by 252.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock worth $27,000 after purchasing an additional 1,149 shares in the last quarter. KBC Group NV increased its holdings in PagerDuty by 89.5% during the 4th quarter. KBC Group NV now owns 4,402 shares of the company’s stock worth $58,000 after purchasing an additional 2,079 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in PagerDuty in the 3rd quarter valued at about $59,000. State of Alaska Department of Revenue acquired a new stake in PagerDuty in the 3rd quarter valued at about $67,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of PagerDuty in the 4th quarter valued at about $68,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

More PagerDuty News

Here are the key news stories impacting PagerDuty this week:

• Positive Sentiment: Q4 EPS beat and margin progress — PagerDuty reported EPS above consensus and highlighted improved profitability and a full-year EPS guide that tops street estimates, supporting the company’s path to sustained GAAP profitability. PagerDuty Announces Fourth-Quarter and Full-Year Fiscal 2026 Financial Results
• Positive Sentiment: AI/product push — PagerDuty announced expansions to its AI ecosystem and a Spring 2026 platform release, which could drive product-led growth and higher enterprise stickiness if adoption accelerates. PagerDuty Expands AI Ecosystem
• Neutral Sentiment: Analyst support remains mixed — some shops (e.g., TD Cowen, Truist, Canaccord) have kept buy/positive stances even after lowering targets, indicating belief in longer-term upside despite near-term headwinds. TD Cowen/TipRanks Coverage
• Negative Sentiment: Revenue guidance and churn concerns — management guided Q1 and FY revenue below consensus ranges and discussed churn/usage headwinds, which directly hit growth expectations and investor confidence. PagerDuty’s Q4 Sales Beat But Stock Drops
• Negative Sentiment: Multiple price-target cuts and a downgrade — several firms trimmed targets (RBC to $8, TD Cowen to $10, Canaccord/Truist to $9) and William Blair downgraded the name after the quarter, amplifying selling pressure. William Blair Downgrade (Seeking Alpha) TD Cowen PT Cut (StreetInsider) RBC PT Cut (TickerReport)
• Negative Sentiment: Market reaction — shares fell sharply after the print as investors punished the revenue guide and margin/cash-flow signs, reinforcing near-term downside risk. Stock Tumbles on Weak Outlook (Investing.com)

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.