William Blair analyst Jake Roberge has maintained their bullish stance on PEGA stock, giving a Buy rating today.
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Jake Roberge has given his Buy rating due to a combination of factors that highlight Pegasystems’ strong performance and growth potential. The company reported impressive third-quarter results, with a notable 14% growth in annual contract value (ACV) in constant currency, surpassing market expectations. This growth is particularly significant given the challenging comparisons from the previous year, indicating a robust acceleration in Pegasystems’ business trajectory.
Additionally, Pegasystems’ innovative offerings, such as the GenAI Blueprint product, are gaining traction among customers, driving faster sales engagements and strategic transformation projects. The introduction of Predictable AI Agents further enhances Pegasystems’ competitive edge by automating workflows more effectively. Despite potential short-term impacts from government shutdowns, the company’s cloud solutions for the public sector are seeing strong adoption, underscoring the ongoing demand for IT modernization. Overall, these factors collectively reinforce the positive outlook for Pegasystems, justifying the Buy rating.
Roberge covers the Technology sector, focusing on stocks such as UiPath, Mitek Systems, and Pegasystems. According to TipRanks, Roberge has an average return of -5.5% and a 36.42% success rate on recommended stocks.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $64.00 price target.