Pegasystems Stocks Explode: 10 Analysts Spill the Beans on What's Next for PEGA

Analysts' ratings for Pegasystems (NASDAQ:PEGA) have been varied over the last quarter, ranging from bullish to bearish, as provided by 10 analysts. A recent analysis of these ratings offers a glimpse into the evolving sentiments over the past 30 days and compares them to the preceding months.

The recent ratings provided by the analysts have been categorized as follows: Bullish - 3, Somewhat Bullish - 4, Indifferent - 3, Somewhat Bearish - 0, and Bearish - 0. This provides a snapshot of the changing market conditions and company performance. The previous months' ratings also show a significant change in the analysts' perception, with a rise in bullish ratings and a decrease in indifferent ratings.

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $83.6, a high estimate of $92.00, and a low estimate of $70.00. This current average has increased by 11.63% from the previous average price target of $74.89. This increase in price target suggests that analysts are becoming more bullish about the company's future prospects.

A clear picture of Pegasystems's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Steven Enders of Citigroup has raised the rating of Pegasystems to 'Buy', with a current price target of $92.00, up from $87.00. Yun Kim of Loop Capital has also raised the rating to 'Buy', with a current price target of $84.00, up from $68.00. Pinjalim Bora of JP Morgan has raised the rating to 'Overweight', with a current price target of $83.00, up from $78.00.

Other analysts, such as Blair Abernethy of Rosenblatt, Patrick Walravens of JMP Securities, and Daniel Ives of Wedbush, have also raised their ratings and price targets for Pegasystems. Only Raimo Lenschow of Barclays and Gil Luria of DA Davidson have maintained a 'Neutral' rating, but have also raised their price targets.

Key insights can be gained from these analyst actions. The 'Raise' in rating and price target suggests that analysts are becoming more bullish about the company's future prospects. The 'Maintain' in rating but 'Raise' in price target suggests that analysts have a positive view of the company's performance but are cautious in their expectations.

Overall, the recent analyst ratings and price targets suggest a positive outlook for Pegasystems. The increase in bullish ratings and the rise in price targets indicate that analysts are optimistic about the company's future growth and performance. As the market continues to evolve, it will be interesting to see how these ratings and price targets change and how they impact the company's stock price.