Pegasystems Inc. (NASDAQ:PEGA) develops software used by major companies and governments to automate everyday activities, including loan processing and handling customer complaints. The company is widely recognized as a leader in low-code automation, using tools to build workflows with minimal manual coding. On September 28, D.A. Davidson cut its rating from Buy to Neutral, with a price target of $32. The analyst is worried that powerful new AI models could chip away at what PEGA sells. At 51% below its 52-week high of $68.10, the stock is trading close to the analyst's price target of $32. DON'T MISS: The AI Agent War Has Reached Wealth Management The AI Question The primary concern stems from rapid advancements in generative AI.
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