Pegasystems, Inc. PEGA +15.17% is up 4.4% on premarket Wednesday after Wedbush upgraded it to outperform and raised the price target from $50 to $65 per share. Analyst Daniel Ives says the upgrade is a reflection of “incrementally improved field checks” and a “under-the-radar Artificial Intelligence (AI) story which has now started to form”. Worries over a lawsuit between Pegasystems & Appian are “overblown”, according to Ives. Ives stated that “Pega is likely to pay a settlement of less than the original judgment ….ending this nightmare.”