Stock Rating Downgrade
The Value Trend Rating for Pegasystems Inc (NASDAQ: PEGA) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Pegasystems Inc (NASDAQ: PEGA) stock declined slightly by -1.0% on 6/7/24. The stock closed at $57.68. However, trading volume in this decline was below average at 67% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 0.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PEGA is expected to continue to be a major Value Builder.
Pegasystems has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Pegasystems has a poor Appreciation Score of 16 but a good Power Rating of 85, and the Neutral Value Trend Rating results.
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