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Canaccord Genuity hoisted their target price on shares of Pegasystems (NASDAQ:PEGA) from $40.00 to $45.00 in a research note issued on Friday, Analyst Ratings Network.com reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s target price suggests a potential downside of 7.08% from the stock’s previous close.

A number of other firms have also recently commented on PEGA. Analysts at Wedbush raised their price target on shares of Pegasystems from $40.00 to $49.00 in a research note to investors on Thursday, November 14th. They now have a “neutral” rating on the stock. Separately, analysts at Dougherty & Co raised their price target on shares of Pegasystems from $40.00 to $56.00 in a research note to investors on Wednesday, November 13th. They now have a “buy” rating on the stock. Finally, analysts at Benchmark Co. raised their price target on shares of Pegasystems from $42.00 to $45.00 in a research note to investors on Wednesday, November 13th. They now have a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Pegasystems presently has an average rating of “Hold” and a consensus target price of $43.65.

Shares of Pegasystems (NASDAQ:PEGA) opened at 48.43 on Friday. Pegasystems has a 52 week low of $22.77 and a 52 week high of $51.53. The stock has a 50-day moving average of $48.7 and a 200-day moving average of $40.83. The company has a market cap of $1.838 billion and a P/E ratio of 43.90.

Pegasystems (NASDAQ:PEGA) last released its earnings data on Tuesday, November 12th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.15. The company had revenue of $122.00 million for the quarter, compared to the consensus estimate of $116.53 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. Analysts expect that Pegasystems will post $1.37 EPS for the current fiscal year.

Pegasystems Inc develops, markets, licenses, and supports software, which allows organizations to build, deploy, and change enterprise applications.

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