Analyst Steve Enders of Citi maintained a Buy rating on Pegasystems (PEGA – Research Report), boosting the price target to $66.00.
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Steve Enders has given his Buy rating due to a combination of factors including the recent two-for-one stock split announced by Pegasystems. This stock split, effective from June 23, 2025, is expected to enhance the stock’s liquidity and make it more attractive to a broader range of investors. Additionally, the updated model reflects an anticipated share price return of 27.9%, which indicates a strong potential for growth.
Enders also maintains a high-risk rating, suggesting that while there are significant opportunities for returns, there are also inherent risks involved. The adjusted earnings per share (EPS) projections further support the positive outlook, reinforcing the Buy recommendation. Overall, the combination of these factors contributes to a favorable assessment of Pegasystems’ stock potential.
According to TipRanks, Enders is a 2-star analyst with an average return of 0.0% and a 55.65% success rate. Enders covers the Technology sector, focusing on stocks such as Intuit, Pegasystems, and Workiva.
In another report released on June 23, RBC Capital also maintained a Buy rating on the stock with a $60.00 price target.