PagerDuty price target raised to $37 from $34 at RBC Capital

RBC Capital analyst Matthew Hedberg raised the firm’s price target on PagerDuty to $37 from $34 and keeps an Outperform rating on the shares. The analyst states that meetings with the company’s management have added to understanding the opportunity around mission critical digital operations management and the emerging platform story, "especially around AIOps". RBC continues to like the overarching tailwinds that should drive sustained demand for PagerDuty as well as its long runway of potential new customers and expansion in the base.