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Pegasystems (PEGA) Receives a Buy from J.P. Morgan

J.P. Morgan analyst Pinjalim Bora maintained a Buy rating on Pegasystems (PEGAResearch Report) on June 3 and set a price target of $105.00. The company’s shares closed last Friday at $49.35, close to its 52-week low of $36.50.

According to TipRanks.com, Bora is a 1-star analyst with an average return of -2.2% and a 40.0% success rate. Bora covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, Coupa Software, and Informatica.

Pegasystems has an analyst consensus of Moderate Buy, with a price target consensus of $80.71, implying a 59.6% upside from current levels. In a report issued on June 3, RBC Capital also maintained a Buy rating on the stock with a $105.00 price target.

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Pegasystems’ market cap is currently $4.04B and has a P/E ratio of -68.03.

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Pegasystems, Inc. engages in the development, market, license, and support of software, which allows organizations to build, deploy, and change enterprise applications. The company was founded by Alan Trefler in 1983 and is headquartered in Cambridge, MA.

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