Artificial intelligence is driving US equity markets, with application companies like Pagaya poised to benefit significantly, similar to the Internet revolution. Despite credit losses and geopolitical tensions, Pagaya is progressing towards GAAP profitability, with strong partnerships and market expansion set to fuel future growth. Pagaya is an absolute and relative bargain, presenting a compelling long-term investment opportunity compared to its peers.
The average of price targets set by Wall Street analysts indicates a potential upside of 102.5% 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.
I believe Pagaya Technologies is overvalued, with negligible free cash flow and a balance sheet riddled with restrictions, making it a sell. Despite Pagaya's earnings, EBITDA, and cash flow, its free cash flow remains minimal, raising concerns about its financial health. PGY's share count increased by 12% y/y while revenues grew by 21% y/y, puzzling investors about the company's true value.
The mean of analysts' price targets for Pagaya Technologies Ltd. (PGY) points to an 110.4% upside in the stock.
Pagaya Technologies Ltd. is a fintech company leveraging AI and data analytics to enhance consumer credit and real estate solutions, showing significant growth despite recent stock volatility. The company reported a record Q3 revenue of $257 million, driven by a 24% increase in fee revenue and 11% network volume growth. Despite a net loss due to non-cash items, Pagaya achieved a record adjusted EBITDA of $56 million, with a margin surge to 21.8%.
While the top- and bottom-line numbers for Pagaya Technologies Ltd. (PGY) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Pagaya Technologies Ltd. (NASDAQ:PGY ) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Josh Fagen - Head of Investor Relations Gal Krubiner - Chief Executive Officer Sanjiv Das - President Evangelos Perros - Chief Financial Officer Conference Call Participants Joseph Vafi - Canaccord Genuity Mark Palmer - Benchmark John Hecht - Jefferies Steven Kwok - KBW David Scharf - Citizens JMP Hal Goetsch - B.
Pagaya Technologies Ltd. (PGY) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.25 per share.
Pagaya Technologies Ltd. (PGY) saw its shares surge in the last session with trading volume being higher than average.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Pagaya Technologies Ltd. (PGY) could be a great choice.
The latest trading day saw Pagaya Technologies Ltd. (PGY) settling at $11.68, representing a +1.39% change from its previous close.
This disruptive tech stock is making waves in the financial industry.