Navigating 5 Analyst Ratings For Pegasystems
Portfolio Pulse from Benzinga Insights
In the last three months, 5 analysts have shared diverse ratings for Pegasystems (NASDAQ:PEGA), ranging from bullish to bearish. The average 12-month price target has risen by 10.26% to $63.4. Analysts from firms like DA Davidson, RBC Capital, Goldman Sachs, Wedbush, and Barclays have provided updates, with price targets ranging from $52.00 to $77.00. Pegasystems, known for its Pega Infinity platform, has shown a revenue growth of 19.61% as of December 31, 2023, but its market capitalization and growth rate lag behind industry benchmarks. The company's net margin and ROE exceed industry averages, but its debt-to-equity ratio is higher than average.
March 04, 2024 | 9:00 pm
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POSITIVE IMPACT
Pegasystems has received mixed analyst ratings with an updated average 12-month price target of $63.4, indicating a positive sentiment. The company's strong revenue growth and financial performance metrics are highlighted, despite concerns over its market capitalization and high debt-to-equity ratio.
The positive adjustment in the average 12-month price target reflects a bullish sentiment among analysts, which could attract investor interest and potentially drive up Pegasystems's stock price in the short term. However, concerns about its market capitalization and debt levels may temper gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100