PagerDuty price target raised to $35 from $32 at Baird

Baird raised the firm’s price target on PagerDuty to $35 from $32 and keeps an Outperform rating on the shares. The analyst said PagerDuty finished a strong 2023 with a great Q4 report. Key metrics including revenue growth, billings and profitability all beat the Street and 2024 profitability guide was more than double Street estimates.