Pegasystems (PEGA) Price Target Raised on AI Product Momentum and Revenue Outlook

On June 4, Rosenblatt analysts maintained their Buy rating on Pegasystems Inc. (NASDAQ:PEGA) while raising their price target on the company’s shares from $101 to $112. The update followed Pegasystems’ recently announced AI-related product releases and revised fiscal year 2025 revenue projection at the PegaWorld conference and Investor Day.

Pegasystems (PEGA) Price Target Raised on AI Product Momentum and Revenue Outlook

At the presentation, Pegasystems Inc. (NASDAQ:PEGA) raised its FY25 revenue forecast from $1.6 billion to $1.7 billion, a change of almost 6%. This revision shows a 13.6% year-over-year gain, which is consistent with a strong Q1 revenue performance in April and heightened confidence in the company’s sales pipeline in spite of broader economic conditions.

According to Rosenblatt, Pegasystems’ strategic initiatives, especially the company’s Blueprint product development and partnership with Global Systems Integrator (GSI) partners, are critical. The analysts expect these initiatives to result in increased workloads during the upcoming year, which will enhance the company’s financial prospects.

Pegasystems Inc. (NASDAQ:PEGA) is an enterprise software company that offers AI decision-making and workflow automation systems.

While we acknowledge the potential of PEGA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PEGA and that has 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.