Barclays Upgrades Pegasystems to Equal-Weight, Announces $52 Price Target
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has upgraded Pegasystems (NASDAQ:PEGA) from Underweight to Equal-Weight and set a price target of $52.

January 12, 2024 | 9:50 am
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Barclays analyst Raimo Lenschow upgraded Pegasystems to Equal-Weight and set a price target of $52, indicating a neutral outlook.
The upgrade from Underweight to Equal-Weight by Barclays suggests an improved outlook for Pegasystems, which could lead to increased investor confidence and potentially a positive impact on the stock price in the short term. The announcement of a $52 price target provides a specific expectation for the stock's future performance, which is likely to influence investor sentiment and the stock's market price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100