Pegasystems price target lowered to $65 from $80 at RBC Capital

RBC Capital lowered the firm’s price target on Pegasystems (PEGA) to $65 from $80 and keeps an Outperform rating on the shares. The company reported solid Q4 results, with all metrics topping consensus estimates, the analyst tells investors in a research note. Pegasystems’ initial FY26 guidance is conservative, with room to deliver potential upside to estimates as the year progresses from strong sales execution bolstered by Blueprint momentum driving Cloud migration strength and new partner investments, RBC adds.