Pegasystems (PEGA) PT Raised to $90 at DA Davidson

DA Davidson analyst Gil Luria raised the price target on Pegasystems (NASDAQ: PEGA) to $90.00 (from $70.00) while maintaining a Neutral rating.

The analyst comments "We are maintaining our NEUTRAL rating on Pegasystems following 1Q25 results which outperformed on Pega Cloud and Total ACV, and more materially on revenue and EPS. The company struck a positive tone on end demand, even in the current environment, which was better than expected. Free cash flow conversion continues to improve and share repurchases are accelerating. We are hosting Pega's CFO and Head of IR at our Technology Conference in Nashville on Jule 9-11."

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