PagerDuty price target raised to $33 from $31 at Canaccord

Canaccord analyst Kingsley Crane raised the firm’s price target on PagerDuty to $33 from $31 and keeps a Buy rating on the shares. The analyst said they executed well in 4Q, posting a solid beat for both the top and bottom lines. We continue to like the setup with rapidly improving margins balancing what is in our view relatively de-risked growth guidance in the low 20’s.