Pagaya Technologies Ltd. (PGY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
The average of price targets set by Wall Street analysts indicates a potential upside of 64% in Pagaya Technologies Ltd. (PGY). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Pagaya's capital-light model, expanding AI lending reach and stronger valuation set the stage for a compelling long-term growth outlook.
| Transportation Infrastructure Industry | Industrials Sector | Gal Krubiner CEO | CXA Exchange | IL0011858912 ISIN |
| IL Country | 527 Employees | - Last Dividend | 8 Mar 2024 Last Split | 23 Jun 2022 IPO Date |
Pagaya Technologies Ltd. is a pioneering product-focused technology company, deeply rooted in deploying advanced data science and proprietary artificial intelligence (AI) technologies. Primarily serving the United States, Israel, the Cayman Islands, and international markets, the company is dedicated to empowering financial institutions and investors with cutting-edge AI-driven solutions. Incorporated in 2016, Pagaya Technologies has established its headquarters in New York, New York, symbolizing a hub of innovation and expertise in the AI and financial technology (fintech) sector. Through its revolutionary approaches, the company aims to redefine asset origination and management for its partners, which include a diversified portfolio of high-growth fintech companies, traditional banks, financial institutions, auto finance providers, and residential real estate service providers.
This core product involves the development and implementation of Pagaya's proprietary AI technology and related software solutions. Designed to enhance the efficiency and effectiveness of asset origination processes, this technology enables Pagaya's partners to streamline loan origination and other asset-related procedures through intelligent automation and data-driven insights.
Pagaya offers specialized solutions aimed at optimizing the loan origination process for its partners. These solutions leverage AI and machine learning algorithms to provide accurate risk assessments, improve decision-making, and increase the speed of loan approvals, thereby benefiting both lenders and borrowers.
The company provides advanced asset management services, employing its AI technologies to assist partners in managing various asset classes more effectively. By analyzing vast amounts of data and employing predictive modeling, Pagaya helps its clients maximize returns and reduce risks associated with asset management.
Pagaya collaborates with a range of partners, including high-growth fintech companies, incumbent banks, and other financial institutions. Through these partnerships, the company delivers its AI-powered technology solutions, helping to enhance their operational efficiency, loan origination processes, and overall asset management capabilities.