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.
Image source: Getty Images.
Source Fool.com
Pegasystems Stock
€51.50
-0.960%
The stock is an absolute favorite of our community with 34 Buy predictions and no Sell predictions.
With a target price of 78 € there is a hugely positive potential of 51.46% for Pegasystems compared to the current price of 51.5 €.
