William Blair analyst Jake Roberge has maintained their bullish stance on PEGA stock, giving a Buy rating today.
Jake Roberge has given his Buy rating due to a combination of factors that highlight Pegasystems’ strong performance and promising outlook. The company reported impressive first-quarter results, surpassing expectations across key metrics. One notable achievement was the acceleration in Annual Contract Value (ACV) growth to 13.5%, exceeding consensus estimates by a significant margin. Additionally, the adoption of Pega’s GenAI Blueprint has been robust, with a substantial increase in the number of Blueprints created weekly, indicating strong market acceptance.
Furthermore, Pegasystems has expanded its product offerings with new solutions tailored for the public sector and customer engagement workflows, enhancing its sales efficiency and ability to attract new clients. Despite some market uncertainties due to external factors like tariffs, the demand remained stable, and the company demonstrated strong go-to-market execution. Moreover, the announcement of a $500 million share-repurchase program underscores Pegasystems’ commitment to strategic capital allocation, further supporting the Buy rating.
In another report released today, Citi also reiterated a Buy rating on the stock with a $116.00 price target.