William Blair analyst Jake Roberge has maintained their bullish stance on PD stock, giving a Buy rating today.
Jake Roberge’s rating is based on several positive aspects of PagerDuty’s recent performance. The company reported fourth-quarter results that exceeded expectations in key areas, such as operating margin and free cash flow margin, indicating strong financial health. Additionally, PagerDuty has successfully increased its annual recurring revenue from high-spending customers, demonstrating its ability to secure valuable multiproduct deals.
Despite some challenges, such as sales execution falling short of expectations and macroeconomic uncertainties affecting growth, Roberge believes that PagerDuty is taking proactive steps to address these issues. The company is enhancing its leadership team to improve sales productivity and is focusing on upmarket opportunities. Although the initial growth guidance for fiscal 2026 is slightly below consensus, the strategic measures being implemented are seen as positive indicators for future growth, justifying the Buy rating.
In another report released today, Canaccord Genuity also maintained a Buy rating on the stock with a $23.00 price target.