Pegasystems Inc (NASDAQ: PEGA) stock enjoyed a major increase of 14.7% on 10/24/24. The shares closed at $79.96. Moreover, trading volume in this advance was exceptionally high at 289% of normal. The stock has been strong relative to the market over the last nine months and has risen 9.1% 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 (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Pegasystems has a very low Appreciation Score of 14 but a good Power Rating of 80, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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