Pegasystems price target lowered to $60 from $75 at Wedbush

Wedbush lowered the firm’s price target on Pegasystems (PEGA) to $60 from $75 to reflect a lower multiple, while keeping an Outperform rating on the shares. The firm notes the company reported its Q4 results which featured beats on the top and bottom-lines highlighted by ACV growth while providing strong FY26 guidance, which came in ahead of Street expectations as Blueprint will continue to be the main driving force of growth in 2026. Wedbush keeps Pegasystems in the IVES AI 30, and would be a buyer of any weakness in shares as the Street was hoping for a stronger guide.