Reported 2 days ago
Needham analyst Jack Andrews increased the price target for Pegasystems Inc. (NASDAQ: PEGA) to $112 from $101, maintaining a 'Buy' rating, driven by the company's strategic advancements in AI and an optimistic revenue forecast. After recent announcements at their PegaWorld conference and a revenue guidance adjustment to $1.7 billion for fiscal year 2025, Pegasystems is expected to see a 13.6% year-over-year growth, showcasing strong performance amid economic challenges.
Source: YAHOO