Why Pegasystems Stock Skyrocketed This Week
(NASDAQ: PEGA) stock managed to close out this past week's trading. The company's share price roared 24.2% higher compared to where it stood at the end of the previous week's market close.
Pegasystems valuation bounded higher after the company published better-than-expected quarterly results and outlined artificial intelligence (AI) growth initiatives. The stock also got a boost from a bullish backdrop for the broader market, with the S 500 climbing 1.9% over the stretch and the Nasdaq Composite surging 2.3% over the past week.
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Source Fool.com
Pegasystems Stock
€33.40
-4.730%
With 30 Buy predictions and not a single Sell prediction Pegasystems is an absolute favorite of our community.
Based on the current price of 33.4 € the target price of 73 € shows a potential of 118.56% for Pegasystems which would more than double the current price.
