Evaluating PagerDuty: Insights From 5 Financial Analysts
5 analysts have shared their evaluations of PagerDuty (NYSE:PD) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 0 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 0 | 1 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $27.0, a high estimate of $30.00, and a low estimate of $22.00. Surpassing the previous average price target of $25.60, the current average has increased by 5.47%.
Exploring Analyst Ratings: An In-Depth Overview
A clear picture of PagerDuty's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Chad Bennett | Craig-Hallum | Raises | Buy | $30.00 | $21.00 |
| Kingsley Crane | Canaccord Genuity | Lowers | Buy | $26.00 | $27.00 |
| Joel Fishbein | Truist Securities | Raises | Buy | $30.00 | $25.00 |
| Kingsley Crane | Canaccord Genuity | Lowers | Buy | $27.00 | $30.00 |
| Robert Oliver | Baird | Lowers | Neutral | $22.00 | $25.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to PagerDuty. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of PagerDuty compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for PagerDuty's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Capture valuable insights into PagerDuty's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on PagerDuty analyst ratings.
Unveiling the Story Behind PagerDuty
PagerDuty Inc is a digital operations management platform that manages urgent and mission-critical work for a modern, digital business. Its platform harnesses digital signals from virtually any software-enabled system or device and combines it with human response data to take the right actions in real-time. The product offerings of the company include PagerDuty Incident Management, DevOps, AIOPs, Process Automation, and Customer Service Operations.
PagerDuty's Financial Performance
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining PagerDuty's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 7.68% as of 30 April, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: PagerDuty's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -21.64%, the company may face hurdles in effective cost management.
Return on Equity (ROE): PagerDuty's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -13.92%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): PagerDuty's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -2.6%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: PagerDuty's debt-to-equity ratio stands notably higher than the industry average, reaching 2.64. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Significance of Analyst Ratings Explained
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.