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Pegasystems (PEGA) delivered earnings and revenue surprises of -1,166.67% and 19.64%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
CAMBRIDGE, Mass. , July 13, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced that it will report financial results for the second quarter of 2022 on Wednesday, July 27, 2022, after market close.
The shares of Pegasystems (NASDAQ: PEGA) have received a $105 price target from RBC Capital. These are the details.
Pegasystems (PEGA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Pegasystems (PEGA) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.