{
  "id": 15926618,
  "title": "Rosenblatt cuts Pegasystems stock price target on weaker growth outlook",
  "url": "https://urgent.news/2026/10/21/rosenblatt-cuts-pegasystems-stock-price-target-on-weaker-growth",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T17:56:52.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/rosenblatt-cuts-pegasystems-stock-price-target-on-weaker-growth-outlook-93CH-4963795"
  },
  "original_language": "en",
  "account": null,
  "summary": "Rosenblatt has reduced its price target for Pegasystems Inc. (NASDAQ:PEGA) stock to $43 from $47, while maintaining a Buy rating. The company's stock is currently trading at $34.99, down nearly 39% year-to-date. The downgrade is attributed to weaker growth outlook due to AI-driven buyer indecision and longer approval cycles, particularly in financial services, which have slowed deal closures. Pegasystems has taken steps to improve execution, including go-to-market and reporting structure changes, and now anticipates fiscal 2026 annual contract value growth between the year-to-date level and 10%, down from the previous 15% target. The firm remains optimistic about Pegasystems' fourth-quarter pipeline, which is considered large and mature, supporting growth in the first half of 2027.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}