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Fly News Breaks for May 7, 2019
PEGA
May 7, 2019 | 20:33 EDT
MUFG analyst Stephen Bersey raised his price target on Pegasystems to $78 and kept his Overweight rating after its Q1 earnings miss, which he believes was driven by "materially higher subscription mix." The analyst contends however that the company's performance should be gauged by its annual contract value, which rose 20% in the quarter. As such, Bersey believes that Pegasystems had a "solid" quarter, and also points to the management's commentary regarding the improvement in productivity of the company's sales force.
News For PEGA From the Last 2 Days
PEGA
Apr 26, 2024 | 06:27 EDT
Barclays raised the firm's price target on Pegasystems to $69 from $66 and keeps an Equal Weight rating on the shares. The company reported mixed results highlighted trade-offs between growth and profitability, the analyst tells investors in a research note.
PEGA
Apr 24, 2024 | 18:48 EDT
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
