Pegasystems Inc. stock is up 4.4% in premarket trades Wednesday after Wedbush upgraded the business software company to outperform from neutral and raised...
Pegasystems Inc.
stock is up 4.4% in premarket trades Wednesday after Wedbush upgraded the business software company to outperform from neutral and raised its price target to $65 a share from $50. Analyst Daniel Ives said the upgrade reflects “incrementally better field checks and an under-the-radar artificial intelligence story that is now starting to form.” Worries about a lawsuit between Pegasystems and Appian “are overblown with much bad news reflected in the stock at current levels.” Ives said a $2.
stock is up 4.4% in premarket trades Wednesday after Wedbush upgraded the business software company to outperform from neutral and raised its price target to $65 a share from $50. Analyst Daniel Ives said the upgrade reflects “incrementally better field checks and an under-the-radar artificial intelligence story that is now starting to form.” Worries about a lawsuit between Pegasystems and Appian “are overblown with much bad news reflected in the stock at current levels.” Ives said a $2.
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