Canaccord lowers price target for PagerDuty to $21 despite strong Q1 results.

From Yahoo Finance: 2025-06-24 15:38:00

PagerDuty Inc. (NYSE: PD) saw Canaccord lower its price target from $23 to $21 after Q1 2025 results exceeded guidance. Revenue hit $119.8 million, an 8% YoY increase, with third consecutive non-GAAP profitability. Multi-product partnerships drive enterprise engagement, with AI capabilities and revised packaging structure enhancing operations.

PagerDuty Inc. (NYSE: PD) operates globally as a digital operations management platform. While potential exists in PD as an investment, other AI stocks may offer greater upside potential with less downside risk. A move towards enterprise-focused value selling may bring near-term growth pressure, despite new AI capabilities and streamlined packaging.

Read more: Canaccord Lowers PagerDuty (PD) PT to $21, Keeps Buy Rating