Analyst Reaction to PEGA Surpassing Target Price
As shares of Pegasystems Inc (Symbol: PEGA) soared to $64.28/share in recent trading, surpassing the average analyst 12-month target price of $63.91, analysts find themselves at a crossroads. The stock’s surge prompts a critical juncture for analysts – should they downgrade the valuation or consider raising the target price in light of positive business developments propelling the stock’s climb?
Varying Analyst Targets for Pegasystems Inc
Pegasystems Inc has garnered 11 different analyst targets within the Zacks coverage universe, culminating in the average target price. While the average stands at $63.91, it does not tell the full story. Some analysts advocate for a lower price target of $45.00, while others are far more bullish with a target as high as $90.00, resulting in a standard deviation of $13.315.
Perspective on the Average Target Price
When investors examine the average PEGA target price, they tap into the collective wisdom of multiple analysts rather than relying on a single expert’s assessment. With PEGA now surpassing the average target, investors face a pivotal moment to reassess the company’s trajectory. Is $63.91 merely a stepping stone to a higher target or a sign that valuation has peaked, prompting a strategic retreat?
| Recent PEGA Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 5 | 5 | 5 | 5 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 8 | 8 | 8 | 7 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 1 |
| Average rating: | 2.21 | 2.21 | 2.21 | 2.36 |
The average rating, ranging from 1 (Strong Buy) to 5 (Strong Sell), is a critical metric for investors. The data utilized in this article is sourced from Zacks Investment Research via Quandl.com, providing comprehensive insights on PEGA. Access the latest Zacks research report on PEGA, complimentary to investors.
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The opinions expressed here belong solely to the author and do not necessarily mirror those of Nasdaq, Inc.
