FINWIRES · TerminalLIVE
FINWIRES

Pegasystems Seeing Accelerated Sales Cycles From Blueprint Design Tool, RBC Says

By

Pegasystems' (PEGA) Blueprint application design tool is accelerating sales cycles for the company and its partners, with faster enterprise closings and about a 30% increase in total pipeline for Pegasystems, RBC Capital Markets said in a Monday note.

RBC said its conversations with Pegasystems partners and customers indicated positive views on Blueprint, particularly in design and prototyping. Pegasystems could also tap into a significant market of legacy applications that need upgrading through process automation, the brokerage added.

"Partners note that if anything, customers are leaning more aggressively into legacy modernizations as they prepare their systems/data estates to be able to leverage AI and Agents," RBC said.

Pegasystems' long-term financial targets, which include 80% in gross margin and at least $700 million in free cash flow by 2028, appear achievable with AI and agentic AI as upside drivers, the investment firm added.

RBC reiterated its outperform rating and $60 price target on Pegasystems.

Price: $33.98, Change: $-1.14, Percent Change: -3.23%

Related Articles

Wire

Mission Produce Fiscal Q2 Adjusted Earnings, Revenue Fall; Shares Drop After Hours

Mission Produce (AVO) reported fiscal Q2 non-GAAP net income late Monday of $0.01 per diluted share, down from $0.12 a year earlier.Three analysts polled by FactSet expected $0.05.Revenue in the three months ended April 30 fell to $290.9 million from $380.3 million a year earlier.Three analysts expected $256.3 million.The board approved a stock repurchase program of up to $100 million over the next 36 months.The company's shares fell 5.9% in after-hours trading.

$AVO
Wire

Mama's Creations Fiscal Q1 Earnings, Revenue Rise

Mama's Creations (MAMA) reported fiscal Q1 earnings late Monday of $0.05 per diluted share, up from $0.03 a year earlier.Analysts polled by FactSet expected $0.03.Revenue in the three months ended April 30 rose to $52.8 million from $35.3 million a year earlier.Analysts expected $51.6 million.The company's shares fell 2.6% in after-hours trading.

$MAMA
Wire

Tango Therapeutics Launches $500 Million Stock Offering

Tango Therapeutics (TNGX) said Monday it is launching $500 million underwritten public offering of common stock.All shares are offered by the company, according to a statement.Tango said it will grant underwriters a 30-day option to purchase up to an additional $75 million of shares.

$TNGX