Why JPMorgan Sees Pegasystems Benefiting From the Next Phase of Workflow Modernization

By Habib Ur Rehman | December 12, 2025, 10:38 PM

Pegasystems Inc. (NASDAQ:PEGA) is one of the best agentic AI stocks to buy now.

On December 5, 2025, JPMorgan’s Alexei Gogolev reiterated an Overweight on Pegasystems and lifted the price target to $74 from $65. The note frames a straightforward driver: enterprises are accelerating legacy-to-cloud modernization, and Pegasystems’ platform sits in the slipstream of that spend as organizations replace aging, fragmented workflows with cloud-native, AI-ready architectures.

Why JPMorgan Sees Pegasystems Benefiting From the Next Phase of Workflow Modernization
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More large customers are finally replacing brittle, rules-bound systems and standardizing on an orchestration layer that integrates decisioning, process automation, and data, areas where Pega has long product depth. The rating update signals confidence that this migration tailwind is durable rather than a one-quarter blip, with the $74 target anchoring JPMorgan’s view of improving monetization as cloud transitions compound.

As of December 10, street positioning remains constructive. TipRanks shows a Strong Buy consensus based on seven recent analyst opinions, with an average 12-month price target of around $75.17, implying roughly 24% upside from the latest closing. That snapshot aligns with JPMorgan's stance and suggests the rating isn’t an outlier.

Pegasystems Inc. (NASDAQ:PEGA) develops software for customer engagement and intelligent automation, combining decisioning, case management, and workflow to help large enterprises streamline operations and reduce complexity. The company is headquartered in Waltham, Massachusetts.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None.

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