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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