Pegasystems price target raised to $101 from $95 at Rosenblatt

Rosenblatt raised the firm’s price target on Pegasystems (PEGA) to $101 from $95 and keeps a Buy rating on the shares after reporting what the firm calls “solid” Q1 results. Pega left its guidance unchanged, but post Q1 the firm is raising its own estimates “marginally,” the analyst tells investors.