TD Cowen Reiterates Hold Rating on PagerDuty (PD)

TD Cowen analyst Andrew Sherman reiterated a Hold rating and $23.00 price target on PagerDuty (NYSE: PD).

The analyst commented, "PD reports on 9/2. We expect 2Q rev growth of 9% (high-end of guide), and expect 3Q guide roughly in-line w/ our 11% estimate. Comps continue to ease in 2Q/3Q. We hosted mgmt meetings in July which covered a range of topics. Trading at ~3.5x EV/ CY25E Sales and ~20x EV/FCF, we view valuations as inexpensive but we think will be constrained until growth reaccelerates."

For an analyst ratings summary and ratings history on PagerDuty click here. For more ratings news on PagerDuty click here.

Shares of PagerDuty closed at $20.14 yesterday.

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