The Latest Analyst Ratings For Pegasystems
Portfolio Pulse from Benzinga Insights
Analyst ratings for Pegasystems (NASDAQ:PEGA) over the last three months show diverse opinions, with a recent shift towards a more bullish outlook. The average 12-month price target has increased to $70.57, up from $67.00, with actions ranging from 'Maintain' to 'Raise'. Pegasystems, known for its Pega Infinity platform, has shown solid revenue growth and impressive profitability metrics, despite a high debt-to-equity ratio.
April 10, 2024 | 7:00 pm
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POSITIVE IMPACT
Pegasystems has received diverse analyst ratings, with a recent trend towards more bullish outlooks. The average 12-month price target has been raised to $70.57, indicating a positive sentiment among analysts.
The increase in the average price target and the shift towards more bullish ratings suggest a positive short-term outlook for Pegasystems. This is supported by the company's solid revenue growth, impressive net margin, and strong ROE, despite its high debt-to-equity ratio. These factors contribute to the likelihood of a positive impact on PEGAS's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100