Needham analyst Jack Andrews reiterated a Buy rating on Pegasystems (NASDAQ:PEGA) on Friday, setting a price target of $180, which is approximately 55.15% above the present share price of $116.02.
Andrews expects Pegasystems to post earnings per share (EPS) of -$0.08 for the second quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Pegasystems, with an average price target of $169.25.
The analysts price targets range from a high of $180 to a low of $155.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $313.5 million and a net profit of $1.6 million. The company's market cap is $9.43 billion.
According to TipRanks.com, Needham analyst Jack Andrews is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.9% and a 58.92% success rate.
Pegasystems, Inc. engages in the development, market, license, and support of software, which allows organizations to build, deploy, and change enterprise applications. The company was founded by Alan Trefler in 1983 and is headquartered in Cambridge, MA.