Pegasystems Shares Surpass Analyst Target Amid Varied Ratings
In recent trading, shares of Pegasystems Inc (Symbol: PEGA) crossed above the average analyst 12-month target price of $103.27, currently trading at $103.29 per share. When a stock reaches an analyst’s target, they typically have two options: either downgrade their rating due to valuation concerns or adjust the target higher. The reaction may also hinge on fundamental business developments that could be driving the stock price upward.
Currently, there are 11 different analyst targets within the Zacks coverage universe that contribute to this average for Pegasystems. Notably, while most analysts offer similar targets, there are disparities; for instance, one analyst rates it at $78.00, while another sets a target as high as $125.00. The standard deviation among these targets is $13.878, indicating some variability in analyst outlooks.
Analyzing the average PEGA price target provides insight into collective market sentiment. By examining contributions from various analysts, investors can gauge whether the current price of $103.29 is a temporary stop before surpassing the target or if the valuation has become stretched, warranting a reevaluation of holdings. Below is a table showcasing the current breakdown of analyst ratings for Pegasystems Inc:
| Recent PEGA Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 8 | 8 | 8 | 8 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 3 | 3 | 3 | 4 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.58 | 1.58 | 1.58 | 1.69 |
The average rating, on a scale from 1 to 5 (with 1 being Strong Buy and 5 being Strong Sell), reflects a generally positive outlook for Pegasystems. This data is sourced from Zacks Investment Research via Quandl.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
