DA Davidson raised the firm’s price target on Pegasystems (PEGA) to $90 from $70 and keeps a Neutral rating on the shares after its Q1 earnings beat. The company struck a positive tone on end demand, even in the current environment, which was better than expected, while its Free cash flow conversion continues to improve and share repurchases are accelerating, the analyst tells investors in a research note.
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Read More on PEGA:
- Pegasystems price target raised to $120 from $100 at RBC Capital
- Pegasystems price target raised to $96 from $84 at Barclays
- Pegasystems Reports Strong Q1 2025 Financial Results
- Pegasystems’ Earnings Call: Strong Growth Amid Challenges
- Cautious Hold Rating for Pegasystems Amid Strong Q1 Performance and Valuation Concerns
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