Barclays Maintains Underweight on Pegasystems, Lowers Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Underweight rating on Pegasystems (NASDAQ:PEGA) and lowered the price target from $47 to $44.
October 12, 2023 | 7:12 pm
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NEGATIVE IMPACT
Barclays has maintained an Underweight rating on Pegasystems and lowered the price target from $47 to $44, which could negatively impact the stock's short-term performance.
The lowered price target by Barclays indicates a bearish outlook for Pegasystems. This could lead to a decrease in the stock's price as investors adjust their expectations based on the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100