DA Davidson analyst William Jellison raised the firm’s price target on Pegasystems (PEGA) to a split-adjusted $50 from $47.50 and keeps a Neutral rating on the shares. The firm cites the company’s recently-announced $700M free cash flow goal for 2028 and believes the required performance from Pega Cloud is both ambitious and achievable, which it views “favorably”, the analyst tells investors in a research note.

Confident Investing Starts Here:

• Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions

• Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. >;elm:context_link;itc:0;sec:content-canvas" href="https://thefly.com/?utm_source=finance.yahoo.com&utm_medium=referral" rel="nofollow noopener" target="_blank">Try Now>>

>;elm:context_link;itc:0;sec:content-canvas" href="https://www.tipranks.com/screener/top-smart-score-stocks/?type=stockAnalysisLanding&utm_source=finance.yahoo.com&utm_medium=referral" rel="nofollow noopener" target="_blank">See today’s best-performing stocks on TipRanks >>

Read More on PEGA:

Disclaimer & DisclosureReport an Issue

• Pegasystems CEO sells $3.18M in common stock

• Pegasystems Confirms Two-for-One Stock Split

• Pegasystems shareholders approve two-for-one stock split

• Pegasystems price target raised to $131 from $116 at Citi

• Pegasystems price target raised to $112 from $101 at Rosenblatt