PagerDuty downgraded to Market Perform from Outperform at William Blair

William Blair analyst Patrick McIlwee downgraded PagerDuty (PD) to Market Perform from Outperform without a price target The company reported “disappointing” Q4 results, with annual recurring revenue growth of only $2M sequentially and 1% year-over-year, the analyst tells investors in a research note. PagerDuty also provided a disappointing outlook for growth in fiscal 2027, calling for flat revenue growth at the midpoint, the analyst tells investors in a research note. William Blair does not see a clear near-term catalyst for the stock.