Pegasystems price target lowered to $58 from $78 at Citizens

Citizens lowered the firm’s price target on Pegasystems (PEGA) to $58 from $78 and keeps an Outperform rating on the shares. Pegasystems reported better than expected Q4 results and issued better 2026 guidance, the analyst tells investors in a research note. While Pegasystems’ revenue mix remains heavily weighted toward large, mission-critical enterprise deployments that require long sales cycles and deep customer entrenchment, Citizens views Pegasystems as an attractive opportunity for long-term capital appreciation.