PagerDuty (NYSE:PD) shares jumped after Morgan Stanley upgraded the company to overweight from equal-weight, saying the cloud computing company is pushing toward better profitability.
Earlier this month, the company announced the general availability of PagerDuty Status Pages. Status Pages allow PagerDuty customers to proactively communicate status updates with their customers while keeping both internal technical teams and customer service teams informed, as well. Intuitive, easy to use, and able to be set up in minutes, the new add-on feature is fully integrated into the PagerDuty platform, minimizing friction and eliminating context switching as teams are working to both resolve an incident and inform customers of its status. This release continues to expand the capabilities of the PagerDuty Operations Cloud™
RBC Capital maintained a Buy rating on PagerDuty with a price target of $32.00. The company’s shares closed yesterday at $27.29.
PD is a leader in digital operations management. In an always-on world, organizations of all sizes trust PagerDuty to help them deliver a better digital experience to their customers, every time. Teams use PagerDuty to identify issues and opportunities in real time and bring together the right people to fix problems faster and prevent them in the future. Notable customers include Cisco, Genentech, Electronic Arts, Cox Automotive, Shopify, Zoom, DoorDash and more
PD shares began Friday up $1.62, or 6.2%, to $28.00
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