PagerDuty (PD): Truist Cites AI Narratives, Terminal Value Concerns as Key Drivers for Infrastructure Software

PagerDuty Inc. (NYSE:PD) is one of the best single digit stocks to buy according to analysts. On February 5, Truist lowered its price target for PagerDuty from $16 to $12 while maintaining a Buy rating. This decision was made as part of the firm’s broader research note on infrastructure software. The firm noted that the sector’s decline is primarily driven by concerns over terminal value rather than near-term fundamentals, making AI narratives increasingly critical for investors. According to the firm, v ...