- Pegasystems (PEGA, Financial) shares surged by over 30% following stronger-than-expected first-quarter results.
- Revenue increased by 44%, fueled by a notable 195% rise in subscription license sales.
- The company's net profit reached $85.42 million, a substantial improvement from a previous loss.
Pegasystems (PEGA) has made headlines after its shares soared by more than 30%, a remarkable turnaround driven by the company's impressive first-quarter performance. The highlight was a robust 44% increase in revenue, reaching $475.63 million, primarily fueled by a 195% surge in subscription license sales. This growth propelled the company's net profitability to $85.42 million, contrasting sharply with its prior year's loss.
Wall Street Analysts Forecast
When considering the projections from 11 analysts, Pegasystems Inc (PEGA, Financial) has an average price target of $101.59, with the highest estimates reaching $125.00 and the lowest at $78.12. This average target represents a potential upside of 14.73% from the current stock price of $88.55. For further insights and data, visit the Pegasystems Inc (PEGA) Forecast page.
The consensus among 14 brokerage firms currently suggests that Pegasystems Inc (PEGA, Financial) is performing well, earning an "Outperform" recommendation with an average brokerage rating of 2.0. This rating is based on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 represents a Sell.
According to GuruFocus estimates, however, the estimated GF Value for Pegasystems Inc (PEGA, Financial) in the upcoming year is $51.16, which suggests a significant downside of 42.22% from the present stock price of $88.55. The GF Value reflects GuruFocus' assessment of the stock's fair trading value, considering its historical trading multiples, past business growth, and projected future performance. For a more comprehensive analysis, visit the Pegasystems Inc (PEGA) Summary page.
