$PEGA

Pega (PEGA) has appointed Sean Croston as its new Chief Information Security Officer. Croston brings over 30 years of experience in cybersecurity and financial services. He will oversee Pega's security strategy, risk management, and compliance. Croston previously held CISO roles at USAA, Truist, and other financial institutions. Pega's CFO Ken Stillwell highlighted Croston's expertise in securing large financial organizations.

Pegasystems (PEGA) will report Q3'26 earnings on October 20. Analysts expect revenue of 422.56M USD and EPS of 0.49 USD. Results will be released after market close at 4:00 PM ET.

A class action lawsuit was filed against Pegasystems Inc. on Oct. 2, 2026, alleging its AI software, Pega Voice AI, secretly listened to and analyzed U.S. Bank customer calls without consent. The plaintiffs claim the software, used by U.S. Bank, intercepted sensitive personal information, violating privacy laws in California, Massachusetts, and Pennsylvania. They seek damages and a court order to stop the alleged interception.

Analysts updated ratings and price targets for several companies. Abbott Labs (ABT) was upgraded to buy with a $127 target. Airbnb (ABNB) was upgraded to overweight with a $191 target. HPE (HPE) was upgraded to outperform with a raised target to $75. Northrop Grumman (NOC) was downgraded to sector perform with a reduced target to $525. Other companies received mixed recommendations and target adjustments.

Pegasystems (PEGA) stock is down 51% from its 52-week high. D.A. Davidson downgraded it to Neutral with a $32 price target, citing AI threats. PEGA develops automation software, but AI advancements may make its tools obsolete. The company has its own AI tool, Blueprint, and a loyal customer base. Analysts and investors are divided on its future prospects.

Pegasystems' shares declined after DA Davidson downgraded the company to 'Neutral' from 'Buy' with a $32 price target. The stock is down 1.6% today and 44.36% year-to-date.

Wall Street analysts issued updates on several companies. First Solar (FSLR) was upgraded to Sector Weight at KeyBanc. Liberty Energy (LBRT) was upgraded to Overweight with a $27 target at Barclays. PepsiCo (PEP) was downgraded to Hold with a $138 target at Deutsche Bank. Roblox (RBLX) was downgraded to Underperform with a $38 target at Jefferies.

Pegasystems (PEGA) reported Q2 revenue of $420.7M, up 9.4% YoY, missing estimates. ServiceNow (NOW) reported $3.99B revenue, up 24% YoY, beating expectations. Microsoft (MSFT) reported $90.01B revenue, up 17.7% YoY, also beating estimates. PEGA is up 12.8%, NOW up 44.4%, and MSFT up 26.9% since reporting.

Pegasystems (PEGA) reaffirmed its quarterly dividend at $0.03 per share for Q4 2026 and participated in a tech summit. Its stock shows mixed performance: +19.3% over 90 days, -37.48% year-to-date, and -40.96% over 1 year, but +66.48% over 3 years. The company is seen as 18% undervalued with a fair value estimate of $43.00, driven by AI and cloud initiatives, but faces risks from deal delays and execution issues.

Analysts updated ratings for five stocks: Rocket Pharmaceuticals (RCKT) was upgraded to Buy with a $9 target due to FDA confidence in its Danon disease study. Copart (CPRT) was downgraded to Hold with a $36 target due to weak insurance volumes and rising costs. Pegasystems (PEGA) was downgraded to Neutral with a $47 target due to AI-related disruption. Abeona Therapeutics (ABEO) was initiated with a Buy and $17 target due to strong gene therapy prospects. Fluence Energy (FLNC) was downgraded to