Wedbush analyst Daniel Ives raised the firm’s price target on Pegasystems (PEGA) to $125 from $100 and keeps an Outperform rating on the shares as the company continues to generate traction across enterprises with its “unique approach to providing necessary AI tools for enterprises looking to get the most out of their AI spend.” The firm continues to view Pegasystems as an under-the-radar AI play as the company is automating processes for enterprises while driving faster time-to-value, reduced implementation times, and improved sales cycles by providing new features will further enhance Pega’s value with existing customers.
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