Pegasystems (PEGA) Misses Q1 EPS by 24c, Revenues Miss

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Pegasystems (PEGA) PT Raised to $85 at DA Davidson

May 8, 2019 9:01 AM EDT

DA Davidson analyst Rishi Jaluria raised the price target on Pegasystems (NASDAQ: PEGA) to $85.00 (from $75.00) while maintaining a Buy rating following the company's 1Q earnings report. The company reported a solid 1Q, with total revenue of $212.5M, down 10% Y/Y, versus consensus of $237.6M, and... More