Recent extremely meaningful positive changes in investment behavior have benefitted Pegasystems Inc (NASDAQ: PEGA): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Recent limited positive changes in fundamentals have benefitted Pegasystems Inc (NASDAQ: PEGA). Positive developments: the consensus estimate for December, 2024 increased significantly, and the consensus estimate for December, 2023 increased significantly. Negative development: significant quarterly earnings deceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
PEGA’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company 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 poor Appreciation Score of 15 but a good Power Rating of 74, triggering the Low Neutral Value Trend Rating.
Recent Price Action
Pegasystems Inc (NASDAQ: PEGA) stock enjoyed a large increase of 2.7% on 11/20/23. The stock closed at $52.70. The stock has been strong relative to the market over the last nine months and has risen 16.6% during the last week.
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