Citigroup Maintains Buy on Pegasystems, Lowers Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Enders maintains a Buy rating on Pegasystems (NASDAQ:PEGA) but lowers the price target from $87 to $82.
June 26, 2024 | 4:30 pm
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Citigroup analyst Steven Enders maintains a Buy rating on Pegasystems but lowers the price target from $87 to $82.
The maintained Buy rating suggests continued confidence in Pegasystems' long-term prospects, but the lowered price target indicates some caution regarding short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100