PagerDuty Inc (PD) Gets a Hold Rating from Morgan Stanley


Morgan Stanley analyst Sanjit Singh maintained a Hold rating on PagerDuty Inc (PD) today and set a price target of $34.00. The company’s shares closed last Monday at $26.87, close to its 52-week low of $24.00.

According to TipRanks.com, Singh is a 2-star analyst with an average return of -0.6% and a 47.7% success rate. Singh covers the Technology sector, focusing on stocks such as Nuance Communications, New Relic Inc, and Cloudera Inc.

PagerDuty Inc has an analyst consensus of Moderate Buy, with a price target consensus of $36.40, implying a 35.7% upside from current levels. In a report issued on October 2, SunTrust Robinson also initiated coverage with a Hold rating on the stock with a $32.00 price target.

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Based on PagerDuty Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly GAAP net loss of $12.57 million. In comparison, last year the company had a GAAP net loss of $12.58 million.

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PagerDuty, Inc. operates a digital operations management platform. It provides incident management solution that integrates with information technology Ops and DevOps monitoring stacks to improve operational reliability and agility.

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