Pagaya Technologies Ltd. Class A Ordinary Shares (PGY)
Pagaya Technologies Ltd. is a financial technology company that leverages artificial intelligence and machine learning to enhance asset management and lending platforms. It specializes in deploying data-driven algorithms to optimize credit decisions and investment strategies across various financial markets.
Company News
Block, a financial services company, is expanding its credit business and digital platforms while showing signs of recovery after years of market disappointment. The company is focusing on innovation, new product development, and improving profitability.
In the preceding three months, 7 analysts have released ratings for Pagaya Techs (NASDAQ:PGY), presenting a wide array of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 2 2 0 0 Last 30D 0 1 0 0 0 1M Ago 3 0 1 0 0 2M Ago 0 1 0 0 0 3M Ago 0 0 1 0 0 Analysts have set 12-month price targets for Pagaya Techs, revealing an average target of $25.93, a high estimate of $42.00, and a low estimate of $11.50. Highlighting a 13.07% decrease, the current average has fallen from the previous average price target of $29.83. Exploring Analyst Ratings: An In-Depth Overview The standing of Pagaya Techs among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target David Scharf JMP Securities Maintains Market Outperform $25.00 $25.00 Peter Christiansen Citigroup Announces Neutral $14.00 - Joseph Vafi Canaccord Genuity Maintains Buy $42.00 $42.00 Michael Legg Benchmark Maintains Buy $22.00 $22.00 Joseph Vafi Canaccord Genuity Maintains Buy $42.00 $42.00 David Scharf JMP Securities Lowers Market Outperform $25.00 $30.00 David Chiaverini Wedbush Lowers Neutral $11.50 $18.00 Key Insights: Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. ...Full story available on Benzinga.com
Pagaya Technologies Ltd. (PGY) delivered earnings and revenue surprises of 25% and 3.29%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
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