Wedbush Issues Pessimistic Forecast for Pegasystems (NASDAQ:PEGA) Stock Price

Pegasystems (NASDAQ:PEGA) had its price target decreased by investment analysts at Wedbush from $75.00 to $60.00 in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm currently has an “outperform” rating on the technology company’s stock. Wedbush’s price objective indicates a potential upside of 36.83% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Rosenblatt Securities reissued a “buy” rating and issued a $62.00 price target on shares of Pegasystems in a report on Thursday. Citizens Jmp dropped their price objective on Pegasystems from $78.00 to $58.00 and set a “market outperform” rating for the company in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Pegasystems from $65.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. KeyCorp set a $60.00 price target on shares of Pegasystems in a research note on Thursday, February 5th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Pegasystems in a report on Monday, December 29th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Pegasystems presently has a consensus rating of “Moderate Buy” and an average target price of $66.95.

Pegasystems Price Performance

Shares of NASDAQ PEGA opened at $43.85 on Thursday. The firm’s 50-day moving average is $53.64 and its two-hundred day moving average is $55.70. The company has a market capitalization of $7.41 billion, a PE ratio of 20.54 and a beta of 1.07. Pegasystems has a 12-month low of $29.84 and a 12-month high of $68.10.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Pegasystems had a net margin of 22.54% and a return on equity of 38.86%. The business had revenue of $504.32 million during the quarter, compared to analysts’ expectations of $494.60 million. During the same period last year, the company posted $0.80 EPS. The company’s revenue was up 2.8% on a year-over-year basis. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. On average, analysts forecast that Pegasystems will post 1.89 EPS for the current fiscal year.

Insider Buying and Selling at Pegasystems

In other news, insider Rifat Kerim Akgonul sold 4,000 shares of Pegasystems stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $60.19, for a total transaction of $240,760.00. Following the sale, the insider owned 112,845 shares in the company, valued at $6,792,140.55. This trade represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Alan Trefler sold 45,000 shares of the company’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $49.02, for a total transaction of $2,205,900.00. Following the completion of the transaction, the chairman owned 44,394,454 shares of the company’s stock, valued at $2,176,216,135.08. This trade represents a 0.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 108,405 shares of company stock valued at $5,896,127 over the last 90 days. 49.70% of the stock is owned by corporate insiders.

Institutional Trading of Pegasystems

Several large investors have recently modified their holdings of PEGA. Hazlett Burt & Watson Inc. acquired a new position in shares of Pegasystems in the third quarter worth about $28,000. International Assets Investment Management LLC acquired a new stake in Pegasystems during the 4th quarter valued at approximately $28,000. Spire Wealth Management increased its holdings in Pegasystems by 274.2% during the 2nd quarter. Spire Wealth Management now owns 565 shares of the technology company’s stock worth $31,000 after purchasing an additional 414 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in Pegasystems by 321.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 565 shares of the technology company’s stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Pegasystems in the 3rd quarter valued at approximately $33,000. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Pegasystems

Here are the key news stories impacting Pegasystems this week:

• Positive Sentiment: Barclays upgraded PEGA, citing accelerating Pega Cloud adoption and strong AI positioning after the recent selloff — the note frames current weakness as a buying opportunity. Barclays upgrade
• Positive Sentiment: Coverage highlighting Pegasystems’ strong 2025 results, legal relief and an enlarged buyback has shifted the investment narrative toward capital returns plus improving fundamentals. Strong 2025 results & buyback
• Positive Sentiment: Management reiterated growth ambitions (targeting $2B revenue) and emphasized “predictable AI” and cloud migration as the path to mid-teens ACV/revenue growth — a roadmap investors view as supportive of durable recurring revenue. $2B revenue target
• Positive Sentiment: Pegasystems is targeting ~15% ACV and revenue growth in 2026 as Pega Cloud adoption accelerates — a concrete growth guide that supports multiple expansion if execution continues. 2026 growth targets
• Positive Sentiment: Rosenblatt reaffirmed a buy rating with a $62 target, signaling at least some analyst conviction behind the recovery narrative. Rosenblatt reaffirmation
• Positive Sentiment: Intraday market commentary noted PEGA “making a mark” on Nasdaq as digital solutions momentum attracts trader interest. Nasdaq momentum
• Neutral Sentiment: Analysts and commentary are reassessing valuation after recent share‑price weakness — useful context for longer‑term investors but not an immediate catalyst. Valuation assessment
• Neutral Sentiment: Comparative coverage contrasts PEGA with peers (e.g., Trend Micro) — background reading for investors sizing competitive risk. Peer contrast
• Negative Sentiment: Wedbush cut its price target from $75 to $60 (still an outperform), reducing upside projection and signaling more conservative near‑term expectations. Wedbush PT cut
• Negative Sentiment: Citizens Jmp lowered its target from $78 to $58, trimming analyst upside and reflecting continued analyst divergence on fair value. Citizens Jmp PT cut
• Negative Sentiment: Pegasystems agreed to pay $7M to resolve investors’ trade‑secret claims — a modest one‑time hit but a headline negative that briefly pressures sentiment. Legal settlement

About Pegasystems

Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems’ offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.