TipRanksStock Market NewsPEGA NewsPegasystems (PEGA) Receives a Hold from Goldman Sachs

Pegasystems (PEGA) Receives a Hold from Goldman Sachs

In a report released today, Kevin Kumar from Goldman Sachs maintained a Hold rating on Pegasystems (PEGAResearch Report), with a price target of $43.00. The company’s shares closed last Thursday at $41.67, close to its 52-week low of $36.50.

According to TipRanks.com, Kumar is ranked #5564 out of 7966 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pegasystems with a $59.25 average price target, a 54.6% upside from current levels. In a report issued on July 25, Macquarie also downgraded the stock to Hold with a $54.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Based on Pegasystems’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $376 million and GAAP net loss of $379K. In comparison, last year the company earned revenue of $313 million and had a GAAP net loss of $6.62 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on PEGA:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More