MUFG analyst Stephen Bersey raised his price target on Pegasystems to $68 and kept his Overweight rating after its Q4 earnings beat. The analyst says the company finished the year with "solid operating momentum" and expects it to continue in 2019 as its revenue model transition passes the $1B run rate for billings and collections. Bersey further contends that Pegasystems' fundamentals look strong thanks to its "end market strength and solid sales execution", anticipating continued benefits from the company's "robust CRM market".
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSImpinj (PI) up... To see the rest of the story go to thefly.com. See Story Here