Barclays raised the firm’s price target on Pegasystems (PEGA) to $96 from $84 and keeps an Equal Weight rating on the shares. The company reported a “huge” term license beat which “created a lot of positive noise” in Q1, the analyst tells investors in a research note. However, the firm says renewal timing and duration benefits were major factors, so it is “not sure we should get overly excited.”
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Read More on PEGA:
- 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
- Pegasystems price target raised to $90 from $70 at DA Davidson
- Pegasystems’ Strong Performance and Strategic Initiatives Justify Buy Rating
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