Citi raised the firm’s price target on Pegasystems (PEGA) to $131 from $116 and keeps a Buy rating on the shares following the investor day. The firm continues to view Pegasystems as an “underappreciated” generative artificial intelligence story with Blueprint adoption ramping, new use cases emerging to transform legacy workflows, and a renewed focus on net new customer opportunities with a simplified mid-market packaging. It raised estimates post the investor day.
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Read More on PEGA:
- Pegasystems price target raised to $112 from $101 at Rosenblatt
- Pegasystems price target raised to $100 from $96 at Barclays
- Pegasystems price target raised to $95 from $90 at DA Davidson
- Pegasystems price target raised to $125 from $110 at Citizens JMP
- Pegasystems Reports Strong Growth in Pega Cloud ACV
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