Pegasystems shares are trading higher after Wedbush upgraded the stock from Neutral to Outperform and raised its price target from $50 to $65.
Portfolio Pulse from Benzinga Newsdesk
Wedbush has upgraded Pegasystems' stock from Neutral to Outperform and raised its price target from $50 to $65. This has resulted in Pegasystems' shares trading higher.
July 05, 2023 | 3:18 pm
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POSITIVE IMPACT
Pegasystems' stock has been upgraded by Wedbush from Neutral to Outperform, with a price target increase from $50 to $65. This has led to a rise in the trading price of Pegasystems' shares.
The upgrade from Wedbush is a positive signal to the market, indicating increased confidence in Pegasystems' performance. The raised price target suggests that Wedbush expects the stock to outperform the market, which can lead to increased buying pressure and a potential increase in the stock price. This is why the shares are trading higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100