Dougherty & Co Raises Pegasystems (PEGA) Price Target to $35

Article Stock Quotes (1) Comments (0)

Dougherty & Co today maintained a Buy rating on Pegasystems (NASDAQ: PEGA) and raised its price target to $35.00 (from $26.00).

"While Pegasystems license revenue may remain lumpy and hence, quarterly operating results may remain volatile, at less than 2.0x EV/2014 sales, we find risk/reward compelling, considering that Pegasystems is one of the few enterprise software companies with mid‐teens license revenue growth potential," said analyst Raghavan Sarathy.

For an analyst ratings summary and ratings history on Pegasystems click here. For more ratings news on Pegasystems click here.

Shares of Pegasystems closed at $28.58 yesterday, with a 52 week range of $19.00-$39.97.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
• UPDATE: BofA/Merrill Lynch Upgrades Adobe (ADBE) to Buy
• Gabelli Downgrades Nexstar Broadcasting Group (NXST) to Hold

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?