Citigroup Maintains Buy on Pegasystems, Lowers Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Enders maintains a Buy rating on Pegasystems (NASDAQ:PEGA) but lowers the price target from $70 to $57.
October 24, 2023 | 4:31 pm
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Citigroup maintains a Buy rating on Pegasystems but lowers the price target from $70 to $57.
The news is directly related to Pegasystems. While the Buy rating is maintained, the lowering of the price target could indicate a potential decrease in the short-term performance of the stock. However, the impact is not necessarily negative as the Buy rating is still in place.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100