Morgan Stanley Maintains Underweight on PagerDuty, Raises Price Target to $10

PagerDuty Reports Q2 2027 Results: Full Earnings Call Transcript

On Thursday, PagerDuty (NYSE:PD) discussed second-quarter financial results during its earnings call. The full transcript is provided below. Benzinga APIs provide real-time access to earnings call transcripts and

PagerDuty's 2026 Outlook: Operational Discipline and New AI Opportunities Sustains Profitable Growth Model

PagerDuty has achieved five consecutive quarters of GAAP profitability and generated $33 million in free cash flow, earning a Superscore of 72. However, revenue growth has stalled at less than 1% year-over-year, and the company faces competitive pressure from platform giants bundling incident response tools. The company is transitioning to consumption-based pricing and positioning AI as a growth driver to reignite expansion.

PagerDuty shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY2027 adjusted EPS and FY2027 sales guidance above estimates. Also, Morgan Stanley and Canaccord Genuity raised their respective price targets on the stock.

Gap Posts Upbeat Q2 Earnings, Joins Solstice Advanced Materials, N-Able And Other Big Stocks Moving Higher On Friday

U.S. stocks mixed, Nasdaq falls 0.1%. Gap Inc shares rise 15.2% on strong earnings and raised guidance. Other big gainers include Elastic NV, Solstice Advanced Materials Inc, and Pagerduty Inc.