Barclays Maintains Underweight on Pegasystems, Raises Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Underweight rating on Pegasystems (NASDAQ:PEGA) and raises the price target from $37 to $41.
July 19, 2023 | 11:39 am
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NEUTRAL IMPACT
Barclays maintains an Underweight rating on Pegasystems but raises the price target from $37 to $41.
The news is directly related to Pegasystems. While the Underweight rating suggests that Barclays expects the stock to underperform, the raised price target indicates a slightly more positive outlook. However, the overall impact is neutral as the Underweight rating is maintained.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100