RBC Capital Reaffirms Their Buy Rating on Pegasystems (PEGA)
RBC Capital analyst Rishi Jaluria maintained a Buy rating on Pegasystems on April 6 and set a price target of $65.00. The company’s shares closed yesterday at $42.48.
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Jaluria covers the Technology sector, focusing on stocks such as Microsoft, Fastly, and Akamai. According to TipRanks, Jaluria has an average return of -6.4% and a 48.20% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pegasystems with a $61.50 average price target, implying a 44.77% upside from current levels. In a report released on March 29, Citi also maintained a Buy rating on the stock with a $75.00 price target.
Based on Pegasystems’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $504.32 million and a net profit of $234.57 million. In comparison, last year the company earned a revenue of $490.83 million and had a net profit of $119.09 million
Based on the recent corporate insider activity of 143 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PEGA in relation to earlier this year. Last month, Efstathios Kouninis, the SVP & CAO of PEGA sold 1,000.00 shares for a total of $42,880.00.
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