DA Davidson Rates Pegasystems (PEGA) buy, $55 Price Target

Analyst Lucky Schreiner maintains a buy rating on Pegasystems Inc. with a price target sitting well above recent trading levels, a 67.89% upside from the current price.

By EarningsIQ Research Desk · Published Jun 13, 2026, 2:08 AM EDT · Updated Jun 15, 2026, 2:01 PM EDT

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DA Davidson rated Pegasystems Inc. ($PEGA) "buy" with a $55 price target on June 10, 2026.

Since the rating, $PEGA is down 8.2% after 1 week, down 5.0% after 1 month and up 5.4% to date (from the $32.76 close on Jun 10, 2026).

PEGA Pegasystems Inc.

$34.54 -38.07% year to date

Daily close · Oct 16, 2026

Key Points

DA Davidson reaffirmed a buy rating on Pegasystems Inc. PEGA on June 10, 2026, setting a price target of $55.00.
DA Davidson's $55 price target implies 67.89% upside from Pegasystems Inc.'s ($PEGA) current $32.76 share price.
Pegasystems Inc. shares trade near $32.76, giving the enterprise software maker a market capitalization of roughly $5.75 billion.
Wall Street tracks the company with eight analyst opinions, producing a consensus buy recommendation and a mean price target of $42.48.

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Analysts Set New Price Targets

DA Davidson analyst Lucky Schreiner reiterated a buy rating on Pegasystems Inc. NasdaqGS PEGA on June 10, 2026, setting a price target of $55.00. This target sits considerably higher than where the enterprise software maker has recently changed hands, offering a wide gap between current market prices and the stated valuation goal.

Where Pegasystems Inc. Stock Trades Today

Shares of Pegasystems Inc. recently traded at $32.76, resting below key technical trend lines and closer to the bottom half of its 52-week trading span. The company carries a price-to-earnings ratio of 19.87, while its forward P/E ratio drops to 13.15 based on expected future earnings. The stock has moved within a range over the past year, reflecting shifts in investor sentiment across the broader technology sector.

12-month forecast

$PEGA price target

Pegasystems Inc. daily closes and this analyst's $55 target. Not advice.

Recent Analyst Rating Actions

Wall Street firms continue to update their views on Pegasystems Inc. as market conditions evolve. On October 15, 2026, Rosenblatt maintained a buy rating with a $47.00 price target. Citigroup followed on October 13, 2026, maintaining a buy rating while adjusting its target from $55.00 to $52.00. Barclays also kept an overweight rating on October 13, 2026, lifting its target from $39.00 to $43.00. Earlier in the autumn, DA Davidson had adjusted a target down to $32.00 on September 28, 2026, while JP Morgan shifted to a neutral rating with a $47.00 target on September 17, 2026.

Recent Earnings and Financial Performance

Pegasystems Inc. reported annual revenue of $1.74 billion, backed by a revenue growth rate of 9.4%. The company posted earnings per share of $1.76, accompanied by a net margin of 18.66% and a return on equity of 54.69%. Investors look toward the company's next earnings report scheduled for October 20, 2026, for fresh details on operational efficiency and software deployment.

Dividend Commitments

Pegasystems Inc. distributes an annual dividend rate of $0.12 per share, yielding 0.34%. The current dividend payout ratio stands at 6.82%, showing that the firm returns a modest share of its profits to shareholders while retaining capital for software development and artificial intelligence research.

What Pegasystems Inc. Does

Headquartered in Waltham, Massachusetts, Pegasystems Inc. builds enterprise software used across financial services, healthcare, and government sectors. Its core products include Pega Infinity, real-time decision engines, and workflow automation platforms that help large organizations manage customer interactions and operational tasks.

What to Watch at Pegasystems Inc.

Market participants will monitor the upcoming earnings release on October 20, 2026, to gauge whether revenue growth and profit margins align with current analyst expectations. Additional rating updates from major investment banks will also help clarify how closely the stock tracks toward the $55.00 target set by DA Davidson.