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Pegasystems price target raised to $68 from $62 at Loop Capital

Loop Capital raised the firm’s price target on Pegasystems to $68 from $62 and keeps a Hold rating on the shares. The company’s Q2 earnings beat featured 13% Annual contract value growth, 11% Remaining Performance Obligations growth, and 19% growth in PegaCloud, the analyst tells investors in a research note.

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