Pegasystems price target raised to $67 from $58 at Barclays

Barclays raised the firm’s price target on Pegasystems (PEGA) to $67 from $58 and keeps an Equal Weight rating on the shares. The company reported solid Q3 results, the analyst tells investors in a research note. The firm sees the stock “continuing to work” as further acceleration in Pega cloud growth “keeps the story alive.”