Here’s What the Street is Saying About Pegasystems Inc. (PEGA)

Pegasystems Inc. (NASDAQ:PEGA) is one of the top cheap stocks to buy with the biggest upside potential. Pegasystems Inc. (NASDAQ:PEGA) received several rating updates following its fiscal Q1 2026 earnings released on April 21. RBC Capital cut the price target on the stock to $60 from $65 on April 23, maintaining an Outperform rating on the shares and telling investors in a research note that the company delivered mixed fiscal Q1 results. It cited Annual Contract Value and Remaining Performance Obligations metrics, stating that they exhibited signs of deceleration amid tougher comps.

Needham Raises Pegasystems (PEGA) Target to $112 on Strong AI Outlook and Revenue Bump

RBC further stated that it believes the quarter was good, but not great, adding that it remains confident in the outlook for continued growth in 2026 and beyond.

Pegasystems Inc. (NASDAQ:PEGA) also received a rating update from Rosenblatt the same day. The firm cut the price target on the stock to $58 from $62 and reiterated a Buy rating on the shares. Rosenblatt told investors that the company delivered a “mixed” fiscal Q1 performance, adding that it is marginally trimming its estimates for FY26-27.

Pegasystems Inc. (NASDAQ:PEGA) develops, markets, licenses, and supports software that enables organizations to deploy, build, and change enterprise applications.

While we acknowledge the risk and potential of PEGA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PEGA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Follow Insider Monkey on Google News.