New York, Feb 13, 2026, 10:00 ET — Regular session.
- Pegasystems shares were up about 0.7% in early trading on Friday.
- Barclays upgraded the stock to overweight and set a lower $48 price target.
- The stock has whipsawed this week as investors weigh guidance and a bigger buyback plan.
Pegasystems Inc shares rose about 0.7% to $40.89 in early trading on Friday, helped by a fresh bullish call from Barclays after the company’s quarterly update earlier this week. (The Motley Fool)
The stock has swung hard since the earnings-driven repricing began. It jumped 7% on Thursday after sliding nearly 12% the day before, a quick reminder that sentiment on mid-cap software can turn on a dime. (Investing)
Barclays upgraded Pegasystems (Nasdaq: PEGA) to overweight from equal weight and lowered its price target to $48 from $67. It wrote the company “is not a no-growth company” and argued its position in complex business-process software may be less vulnerable to generative-AI disruption, flagging EV/FCF — enterprise value to free cash flow, a cash-generation valuation measure — around 9x on 2027 estimates. (Investing)
Still, the analyst tape is mixed. DA Davidson lowered its price target to $60, while Citizens cut its target to $58 from $78 but kept its market-outperform rating, citing growth concerns. (Investing.com UK)
In its Feb. 10 statement, Pegasystems forecast about $2.0 billion in 2026 revenue and guided for 15% growth in annual contract value (ACV), a measure of the annualized value of customer contracts. The company reported fourth-quarter revenue of $504.3 million and non-GAAP earnings of $0.76 per share; it also said Pega Cloud ACV rose 33% in 2025. Founder and CEO Alan Trefler called 2025 “an extraordinary year of progress and execution,” while COO and CFO Ken Stillwell pointed to “strong financial discipline” and listed the company’s litigation with Appian among the risks it faces. (SEC)
A filing showed Pegasystems expanded its share repurchase program by extending its expiration to June 30, 2027 from June 30, 2026 and increasing the amount it is authorized to repurchase by $1 billion. (SEC)
Pegasystems sells workflow automation and customer-engagement software, a corner of enterprise tech where rivals range from low-code specialist Appian to bigger workflow players. Investors have also been watching how “AI” changes buying cycles and whether it helps — or muddies — the sales pitch.
But the upside case still hinges on execution, not just ratings changes. If cloud subscription signings soften, enterprise IT budgets tighten, or legal issues flare, the stock could stay volatile after this week’s sharp back-and-forth.
Next up, traders will be looking for more analyst revisions and any signals on buyback pace as the post-earnings dust settles. Pegasystems’ next big stage is its PegaWorld event on June 7-9, where investors often listen for product and customer updates. (Pega)
