Movement Alert｜Pegasystems Falls 5.04% in Regular Trading, Q3 Results Miss Expectations Despite Higher Price Target

Market Focus10-28

On October 28, Pegasystems fell 5.04% in Regular Trading, trading at $34.8471 per share, with turnover of $42.0403 million.

The move followed the company’s latest quarterly results, which came in below market expectations even as one brokerage recently raised its price target and kept an Outperform rating.

Pegasystems reported third-quarter adjusted EPS of $0.35, up from $0.30 a year earlier but below consensus estimates of $0.45 to $0.48. Revenue rose to $393.4 million from $381.4 million a year earlier, but missed expectations of about $421.1 million to $422.0 million. The stock had already fallen more than 3% after the earnings release, suggesting the current weakness remains tied primarily to the earnings miss. Separately, a recent analyst update lifted the target price to $40 from $35, while broader analyst consensus remained Overweight with an average target near $41.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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