Pegasystems (PEGA) Receives Price Target

Pegasystems (PEGA) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $32 and the lowest price target forecast is $26. The average forecast of all the analysts is $29.67 and the expected standard deviation is $3.21.

Pegasystems (PEGA) : 3 analysts are covering Pegasystems (PEGA) and their average rating on the stock is 1.67, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Pegasystems (NASDAQ:PEGA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.80 and $25.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.85, notching a gain of 0.39% for the day. The total traded volume was 219,618 . The stock had closed at $25.75 on the previous day.

Pegasystems Inc. develops, markets, licenses and supports software applications, which is designed to assist clients in building, deploying and evolving enterprise applications. The Companys applications and platform intersect with and encompass several traditional software markets, including Customer Relationship Management (CRM); Business Process Management (BPM); Business Rules Management Systems (BRMS); Dynamic Case Management (DCM); Decision Management, which includes Predictive and Adaptive analytics, and the Vertical Specific Software (VSS) market of industry solutions and packaged applications. The Company provides implementation, consulting, training, technical support and hosting services to facilitate the use of its software. The Company offers its services to financial services, healthcare, insurance, communications and media, public sector, manufacturing and life sciences markets.

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