Multiple Analysts Lowered Price Target on Pegasystems Inc. (PEGA) Stock In February

Core Viewpoint - Pegasystems Inc. (NASDAQ:PEGA) is identified as one of the top 10 beaten down software stocks with significant upside potential, despite recent price target reductions by analysts [1][2]. Analyst Ratings and Price Targets - J.P. Morgan analyst Alexei Gogolev reduced the price target from $74 to $64 while maintaining a Buy rating, indicating a potential upside of 52.4% from current levels [1]. - RBC Capital lowered its price target from $80 to $65 but kept an Outperform rating, citing cautious initial guidance for fiscal year 2026 [2]. Financial Performance - Pegasystems reported a 17% year-over-year increase in Total ACV and a 33% growth in Pega Cloud ACV for the fourth quarter [3]. - The company achieved free cash flow of $491 million for the quarter, surpassing guidance, and expects total revenue of $2 billion and 15% ACV growth for 2026 [3]. Company Overview - Pegasystems develops and supports enterprise software, operating in various regions including the UK, US, Africa, and Asia-Pacific, serving industries such as government, healthcare, and financial services [4].