Pegasystems (PEGA) Reports In-Line Q4 EPS

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Pegasystems (PEGA) PT Raised to $46 at Wedbush on 'Impressive 4Q Sales'

February 24, 2017 7:30 AM EST

Wedbush Securities analyst Steve Koening reiterates Outperform rating and raises price target on Pegasystems Inc. (NASDAQ: PEGA) to $46 (from $42), but lowering estimates due to the companys transition to recurring revenue, as management delivered impressive fourth quarter sales, while offering a full-year guidance... More