Morgan Stanley downgrades PagerDuty to Underweight, cuts target to $9

0 min read | Published on 21 Jul 2026, 06:48 PM |Updated on 21 Jul 2026, 06:48 PM

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Radhika SScanX News Team

Key Highlights

Morgan Stanley analyst Sanjit Singh downgraded PagerDuty from Equal-Weight to Underweight and lowered the price target from $10 to $9.

*this image is generated using AI for illustrative purposes only.

Morgan Stanley analyst Sanjit Singh has downgraded PagerDuty, reducing the stock's rating from Equal-Weight to Underweight. The firm also lowered its price target for the company to $9, down from the previous $10.

Rating and Price Target Changes

The downgrade reflects a revised outlook on the company's performance. The following table details the changes in Morgan Stanley's assessment:

Metric	Previous Value	New Value
Rating	Equal-Weight	Underweight
Price Target	$10	$9

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

What specific factors led Morgan Stanley to revise PagerDuty's outlook negatively?

How might this downgrade influence other analysts' ratings on PagerDuty?

What are the potential market reactions to the lowered price target?

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PagerDuty appoints Alkami CEO Alex Shootman to board

1 min read | Published on 15 Jul 2026, 04:20 AM |Updated on 15 Jul 2026, 04:20 AM

Reviewed by

Riya DScanX News Team

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Key Highlights

PagerDuty, Inc. has appointed Alex Shootman to its Board of Directors, effective July 14, 2026, bringing extensive experience in scaling enterprise SaaS platforms. Elena Gomez has resigned from the Board to focus on her role as President and CFO at Toast. The changes aim to strengthen governance as PagerDuty expands its AI-first operations management platform.

*this image is generated using AI for illustrative purposes only.

PagerDuty, Inc. has appointed Alex Shootman to its Board of Directors, effective July 14, 2026, to strengthen corporate governance as the company advances its AI-first operations management platform. The appointment comes as the company focuses on automating and orchestrating the incident management lifecycle at scale. Shootman succeeds Elena Gomez, who resigned from the Board to concentrate on her responsibilities as President and Chief Financial Officer at Toast.

John DiLullo, CEO at PagerDuty, highlighted that Shootman's expertise in building and scaling enterprise SaaS businesses is directly relevant to the company's push into the enterprise market. DiLullo also acknowledged Gomez's nearly eight years of service, noting her contributions in shaping PagerDuty from an early-stage pioneer into a leading public enterprise.

Board Changes and Expertise

The leadership transition aims to bolster operational oversight during a phase of aggressive growth. Shootman currently serves as the Chief Executive Officer and a member of the Board of Directors of Alkami Technology, Inc. His career includes leading Workfront through its acquisition by Adobe for $1.5 billion in 2020 and guiding Eloqua through its IPO and subsequent $900 million sale to Oracle.

Appointee	Current Role	Previous Key Roles
Alex Shootman	CEO, Alkami Technology, Inc.	President and CEO, Workfront; President, Eloqua; President, Apptio

Shootman stated that PagerDuty's position in modern enterprise resilience and its momentum with the platform present a significant opportunity for global growth. He emphasized the importance of real-time availability and automation in mission-critical corporate operations.

Strategic Context

PagerDuty operates the PagerDuty Operations Cloud, an AI-powered platform designed to detect, diagnose, and remediate issues. The platform acts as a central control plane for the modern enterprise, integrating with over 750 systems. The company is trusted by approximately two-thirds of the Fortune 100 and nearly half of the Fortune 500 to deliver resilient, autonomous operations.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How will Alex Shootman's experience with successful exits at Workfront and Eloqua influence PagerDuty's potential M&A strategy?

What specific AI-first features will PagerDuty prioritize to differentiate its operations management platform in the competitive enterprise market?

Will the board appointment lead to shifts in PagerDuty's go-to-market strategy to accelerate enterprise adoption?