- Pegasystems Inc. (PEGA, Financial) exceeds earnings forecasts significantly with a non-GAAP EPS of $1.53.
- Revenue leaped to $475.63 million, driven by growth in Annual Contract Value and Pega Cloud ACV.
- Analyst price targets suggest a potential upside, despite a GF Value indicating a possible downside.
Pegasystems Inc. (PEGA) has delivered an impressive performance in its first-quarter report, capturing the attention of investors and analysts alike. The company announced a non-GAAP earnings per share of $1.53, which is a remarkable $1.03 above analyst expectations. Furthermore, Pegasystems witnessed a notable revenue rise, reaching $475.63 million and exceeding forecasts by $118.6 million. This robust performance was largely fueled by substantial growth in both Annual Contract Value and Pega Cloud ACV.
Insights from Wall Street Analysts
According to insights from 12 analysts, the one-year average price target for Pegasystems Inc. (PEGA, Financial) stands at $98.63, with estimates ranging from a high of $125.00 to a low of $78.12. This average target price points to a potential upside of 43.43% from the recent trading price of $68.76. Investors seeking more detailed predictions can explore the Pegasystems Inc (PEGA) Forecast page for further information.
With the consensus from 14 brokerage firms, Pegasystems Inc. (PEGA, Financial) has earned an average brokerage recommendation of 2.1, categorizing it under the "Outperform" status. On the recommendation scale, 1 represents a Strong Buy, while 5 indicates a Sell.
Evaluating Pegasystems' GF Value
Utilizing GuruFocus estimates, the anticipated GF Value for Pegasystems Inc. (PEGA, Financial) in the upcoming year is projected at $51.16. This suggests a potential downside of 25.6% from its current price of $68.76. The GF Value represents GuruFocus' calculated fair trading value for the stock, derived from historical trading multiples, past business growth metrics, and future business performance predictions. For an in-depth view, the Pegasystems Inc (PEGA) Summary page offers further information.
