Pegasystems price target raised to $115 from $90 at Loop Capital

Loop Capital raised the firm’s price target on Pegasystems (PEGA) to $115 from $90 and keeps a Buy rating on the shares as part of a broader research note fine-tuning estimates on select Software names. The firm notes that its inputs with company management, field personnel, and potential buyers suggest that business fundamentals remain relatively consistent with recent quarters, setting the stage for most software vendors to report in line to slightly better-than-expected December prints. For the company, Loop adds that its higher price target reflects go-to-market changes that drive a higher level of execution across the business, mounting interest in the GenAI Blueprint solution, and increasingly positive engagements with clients from the favorable appellate court ruling, the analyst tells investors in a research note.