Pegasystems (PEGA) is seeing accelerating customer adoption, driven by its ability to modernize legacy systems and deploy agentic artificial intelligence in months rather than years, Wedbush Securities said in a note Tuesday.

The analysts said they attended PegaWorld, the company's annual user conference in Las Vegas, where it outlined key updates to its AI strategy, featuring Blueprint, introduced new product innovations including the launch of Infinity 2026, and detailed an updated go-to-market approach.

Token economics was a major topic during customer discussions, particularly as enterprises evaluate agentic AI deployments. Management acknowledged that token pricing is likely to rise over time as AI providers continue investing heavily in data center infrastructure, the analysts said, adding that Pega has designed its architecture to minimize customer exposure to token-related cost uncertainty.

Pegasystems also remains focused on legacy transformation projects. Many customers continue to rely on legacy systems that limit their ability to deploy agentic AI processes at scale. The company is helping customers transition from legacy system processing to deployed transformation projects in a matter of months, compared with transformation projects that historically took years to complete, the analysts said.

Wedbush maintained an outperform rating with a $60 price target on Pegasystems.

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