Pega GenAI Excitement Accelerates Growth in Q2 2024
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July 25, 2024 4:06 PM EDT
DA Davidson analyst Gil Luria raised the price target on Pegasystems (NASDAQ: PEGA) to $70.00 (from $60.00) while maintaining a Neutral rating.
The analyst comments "We are maintaining our NEUTRAL rating on Pegasystems following a 2Q24 which demonstrated continued operating discipline, strong product innovation, and ACV acceleration... More
July 25, 2024 3:08 PM EDT
Citi analyst Steven Enders raised the price target on Pegasystems (NASDAQ: PEGA) to $87.00 (from $82.00) while maintaining a Buy rating.
The analyst comments "Pega reported strong 2Q results with broad based upside as improved sales execution and gen AI Blueprints momentum... More
July 25, 2024 2:17 PM EDT
JPMorgan analyst Mark Murphy raised the price target on Pegasystems (NASDAQ: PEGA) to $78.00 (from $70.00) while maintaining a Overweight rating.
The analyst comments "Pegasystems reported a good Q2 driven by accelerating ACV and backlog growth. ACV growth in the quarter accelerated to ~13% y/y in CC vs. ~9% CC growth in Q1, landing well above consensus expectations, aligning with... More
