Pegasystems price target lowered to $60 from $65 at RBC Capital

RBC Capital lowered the firm’s price target on Pegasystems (PEGA) to $60 from $65 and keeps an Outperform rating on the shares. The company delivered mixed Q1 results as Annual Contract Value and Remaining Performance Obligations metrics showed signs of deceleration amid tougher comps, the analyst tells investors in a research note. RBC adds it believes that the quarter was good, not great, and the firm remains confident in the outlook for continued growth in 2026 and beyond.