Monness analyst Brian White has maintained their neutral stance on PD stock, giving a Hold rating today.
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Brian White’s rating is based on several factors impacting PagerDuty’s current and future performance. The company reported mixed results for the third quarter of fiscal year 2026, with revenue falling short of expectations while earnings per share exceeded estimates. Despite a strong operating margin, the overall growth rate has slowed, with revenue growth decelerating to 5% year-over-year.
Additionally, key financial metrics such as deferred revenue and calculated billings have shown signs of weakness, and the number of high-value customers has not grown significantly. The company’s future outlook is also cautious, with a reduced revenue forecast and the announcement of the CFO’s retirement. These factors contribute to the Hold rating, reflecting a balanced view of potential opportunities and challenges facing PagerDuty.
In another report released today, Craig-Hallum also downgraded the stock to a Hold with a $15.00 price target.