PagerDuty price target raised to $35 from $33 at TD Cowen

TD Cowen analyst J. Derrick Wood raised the firm’s price target on PagerDuty to $35 from $33 and keeps an Outperform rating on the shares. The analyst said while coompanies are becoming more measured with seat purchases, PagerDuty’s pivot to a transactional land and expand cadence is helping offset this and sustain strong velocity of deals.