In a report released today, Raimo Lenschow from Barclays maintained a Hold rating on Pegasystems (PEGA – Research Report), with a price target of $66.00. The company’s shares closed last Friday at $60.39.
Lenschow covers the Technology sector, focusing on stocks such as Microsoft, Teradata, and Paycom. According to TipRanks, Lenschow has an average return of 3.6% and a 50.10% success rate on recommended stocks.
Currently, the analyst consensus on Pegasystems is a Moderate Buy with an average price target of $69.67.
The company has a one-year high of $69.23 and a one-year low of $37.62. Currently, Pegasystems has an average volume of 511.7K.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PEGA in relation to earlier this year.
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Pegasystems (PEGA) Company Description:
Pegasystems, Inc. engages in the development, market, license, and support of software, which allows organizations to build, deploy, and change enterprise applications. The company was founded by Alan Trefler in 1983 and is headquartered in Cambridge, MA.
Read More on PEGA:
- Pegasystems price target raised to $87 from $86 at Citi
- Pegasystems Sets Executive Salaries and Incentive Targets for 2024
- Appian price target lowered to $52 from $55 at DA Davidson
- Pegasystems price target raised to $68 from $52 at Barclays
- Pegasystems price target raised to $77 from $65 at RBC Capital
