PGY's 56.8% six-month surge highlights its diversified model, AI-driven network and funding strength as investors weigh rising expenses.
Pagaya Technologies Ltd. (PGY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Pagaya Technologies Ltd. ( PGY ) Citi's 14th Annual FinTech Conference November 18, 2025 1:30 PM EST Company Participants Gal Krubiner - CEO, Co-Founder & Director Conference Call Participants Peter Christiansen - Citigroup Inc., Research Division Presentation Peter Christiansen Citigroup Inc., Research Division Good afternoon.
I rate Pagaya Technologies Ltd. a Strong Buy as it emerges as a leading AI-driven lending infrastructure provider for banks and fintechs. PGY acts as a 'picks and shovels' supplier, enabling lenders to automate underwriting, expand credit, and reach new borrower segments efficiently. Q3 2025 results highlight PGY's momentum: record revenue, profit, expanding margins, and a 19% year-over-year increase in network volume to $2.8 billion.
From its recent highs in mid-September, Pagaya's stock collapsed from the mid-$40s to the low-$20s going into the Q3 print; raising concerns among PGY shareholder base. In today's report, we review Pagaya's Q3 2025 results, and re-run the stock through TQI's Valuation Model to reach an informed investment decision on PGY stock. Is Pagaya a buy, sell, or hold? Read on to learn more.
PGY's strong rally, resilient AI-driven model and discounted valuation highlight upside potential, though rising costs may cloud near-term growth.
Pagaya Technologies Ltd. ( PGY ) Q3 2025 Earnings Call November 10, 2025 8:30 AM EST Company Participants Josh Fagen - Head of Investor Relations & COO of Finance Gal Krubiner - CEO, Co-Founder & Director Sanjiv Das - Co-Founder & President Evangelos Perros - Chief Financial Officer Conference Call Participants John Hecht - Jefferies LLC, Research Division Peter Christiansen - Citigroup Inc., Research Division Harold Goetsch - B.
Pagaya Technologies Ltd. (PGY) came out with quarterly earnings of $1.02 per share, beating the Zacks Consensus Estimate of $0.62 per share.
PGY expects strong Q3 results, with revenues rising 32% y/y.
In the closing of the recent trading day, Pagaya Technologies Ltd. (PGY) stood at $28.47, denoting a -1.86% move from the preceding trading day.
Pagaya's AI underwriting flywheel drives structural profitability and sustainable cash flow growth beyond traditional credit cycles. Revenue reached $1.15 billion with EBITDA of $193 million, confirming an inflection in operating leverage. Forward flow agreements exceeding $4.9 billion ensure predictable funding and lower capital intensity.
Pagaya Technologies is rated a buy, driven by strong growth, AI-powered lending, and significant undervaluation versus peers. PGY's capital-light model, robust partner network, and consistent double-digit revenue and EBITDA growth highlight its competitive edge and scalability. Forward P/E of 10.44x and a 73% forward EBITDA growth rate suggest the market is mispricing PGY, with a price target of $64.6 by the end of 2026.