Bullish indicating open at $55-$60, IPO prices at $37
On Tuesday, Citizens JMP analysts increased the price target for Pegasystems (NASDAQ: PEGA) stock to $125 from the previous target of $110. The software company, currently valued at $8.3 billion, has demonstrated strong financial health according to InvestingPro analysis. The analysts maintained their Market Outperform rating on the company following their attendance at the PegaWorld 2025 user conference at the MGM Grand in Las Vegas and an investor session held on Monday.
The analysts noted the stock has risen approximately 4% year to date, outperforming the S&P 500, which increased by about 1%, and the Russell 3000, which remained mostly unchanged. This performance contributed to the decision to raise the price target.
Pegasystems, a software company, held its annual user conference, PegaWorld 2025, where the latest developments and strategies were showcased to investors and users alike. The conference, along with the investor session, provided insights that led to the revised price target.
The Market Outperform rating suggests that Citizens JMP analysts expect Pegasystems stock to perform better than the overall market, reflecting their positive outlook on the company’s future prospects.
In other recent news, Pegasystems Inc (NASDAQ:PEGA). reported stronger-than-expected first-quarter results for 2025, particularly in areas like Pega Cloud and Total (EPA:TTEF) Annual Contract Value (ACV), as well as revenue and earnings per share (EPS). Following these results, DA Davidson increased its price target for Pegasystems from $70 to $90, reflecting optimism about the company’s financial health and end demand. Pegasystems also announced the expansion of its Pega Blueprint capabilities, which are designed to streamline the transformation of legacy systems into modern applications, reducing development timelines significantly. The company introduced Pega Agentic Process Fabric, a new service aimed at enhancing business automation by orchestrating AI agents, which will be available in Q3 2025. Additionally, Pegasystems unveiled AI enhancements to its Pega App Studio, aimed at assisting developers in innovating more efficiently. The company has also been included in the S&P MidCap 400, replacing Nordstrom Inc . (NYSE:JWN), which is expected to increase Pegasystems’ visibility within the investment community. This inclusion is seen as a positive development, potentially enhancing liquidity and broadening its shareholder base. These recent developments underscore Pegasystems’ ongoing commitment to innovation and financial discipline.
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