Benchmark Starts Pegasystems (PEGA) at Buy; BPM Leader

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November 18, 2011 7:48 AM EST
Get Alerts PEGA Hot Sheet
Price: $32.32 -3.49%

Rating Summary:
    11 Buy, 11 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Benchmark initiates coverage on Pegasystems (NASDAQ: PEGA) with a Buy. PT $37.00.

Benchmark analyst said, "Despite inconsistencies in the past, we believe the recent pull back in the stock presents a good opportunity for investors to revisit the story, since many catalysts are set to align including a best-in-class product line, robust deal pipeline, stronger indirect channel relationships and new sales hires to drive revenue growth...We believe Pegasystems is a top line growth story and therefore should be valued on revenue basis."

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 $29.68 yesterday.

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