Pagaya Technologies (NASDAQ:PGY) Stock Price Target Raised at TD Cowen

Pagaya Technologies (NASDAQ:PGY) had its price target boosted by TD Cowen from $25.00 to $27.00 in a report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen‘s target price would suggest a potential upside of 40.41% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Zacks Research cut shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Citizens Jmp upped their price objective on Pagaya Technologies from $22.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Friday, July 31st. Jefferies Financial Group boosted their target price on Pagaya Technologies from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Canaccord Genuity Group boosted their price target on shares of Pagaya Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, B. Riley Financial reiterated a “buy” rating and issued a $38.00 target price (up from $36.00) on shares of Pagaya Technologies in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $31.62.

Pagaya Technologies Price Performance

Shares of Pagaya Technologies stock traded down $1.58 on Friday, hitting $19.23. 2,404,830 shares of the company traded hands, compared to its average volume of 3,387,312. The company has a market cap of $1.60 billion, a P/E ratio of 14.14 and a beta of 5.50. The company has a current ratio of 11.08, a quick ratio of 11.08 and a debt-to-equity ratio of 1.12. Pagaya Technologies has a 12-month low of $10.40 and a 12-month high of $29.75. The firm’s 50-day simple moving average is $19.77 and its 200 day simple moving average is $16.60.

Pagaya Technologies (NASDAQ:PGY) last released its earnings results on Thursday, October 29th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.47 by $0.60. The company had revenue of $390.49 million for the quarter, compared to analyst estimates of $382.10 million. Pagaya Technologies had a net margin of 9.12% and a return on equity of 51.56%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.02 EPS. Analysts expect that Pagaya Technologies will post 3.36 earnings per share for the current fiscal year.

Insider Activity

In other news, President Sanjiv Das sold 14,300 shares of the company’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $17.04, for a total transaction of $243,672.00. Following the transaction, the president owned 173,864 shares in the company, valued at $2,962,642.56. This represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Tami Rosen sold 1,986 shares of Pagaya Technologies stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $17.83, for a total transaction of $35,410.38. Following the completion of the sale, the director owned 13,414 shares of the company’s stock, valued at $239,171.62. This trade represents a 12.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 98,117 shares of company stock worth $2,019,059. Insiders own 41.99% of the company’s stock.

Institutional Trading of Pagaya Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Pagaya Technologies by 141.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,029,081 shares of the company’s stock worth $12,040,000 after purchasing an additional 602,992 shares during the period. Q Global Advisors LLC lifted its position in Pagaya Technologies by 324.8% during the first quarter. Q Global Advisors LLC now owns 537,551 shares of the company’s stock valued at $6,262,000 after purchasing an additional 410,996 shares during the period. Principal Financial Group Inc. boosted its holdings in Pagaya Technologies by 211.0% in the first quarter. Principal Financial Group Inc. now owns 375,212 shares of the company’s stock valued at $4,371,000 after purchasing an additional 254,550 shares during the last quarter. Edgestream Partners L.P. raised its stake in shares of Pagaya Technologies by 353.2% during the 1st quarter. Edgestream Partners L.P. now owns 373,771 shares of the company’s stock valued at $4,354,000 after buying an additional 291,291 shares during the last quarter. Finally, Insight Wealth Strategies LLC acquired a new position in shares of Pagaya Technologies in the 3rd quarter valued at about $4,437,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

Key Pagaya Technologies News

Here are the key news stories impacting Pagaya Technologies this week:

• Positive Sentiment: Pagaya exceeded estimates with adjusted EPS of $1.07 and revenue of $390.5 million, up 11.5% year over year. Network volume increased 29% to $3.6 billion, while management raised its 2026 GAAP net-income outlook to $162 million-$182 million. Pagaya Reports Third Quarter 2026 Results
• Positive Sentiment: Management cited $2 billion in newly committed capital, an expanding bank-partner pipeline and additional partnerships as support for continued loan-volume growth and resilience across credit cycles. Pagaya forecasts 2026 GAAP net income while expanding bank partner pipeline
• Positive Sentiment: B. Riley reaffirmed its Buy rating and lifted its price target to $38 from $36, citing substantial potential upside. B. Riley Financial rating
• Neutral Sentiment: Some analysts view PGY as undervalued at roughly five times projected 2027 earnings, though the stock remains exposed to the market’s broader discount for fintech companies. Pagaya Technologies: Stuck In The Fintech Discount Isle
• Negative Sentiment: Management’s fourth-quarter network-volume guidance is lower, and higher funding costs are pressuring margins. Pagaya is prioritizing unit economics over pursuing maximum volume, while raising APRs to improve fee revenue per loan; investors may interpret those measures as signs of near-term growth constraints. Pagaya: I Was Wrong On Profitability, Upgrading To Hold

Pagaya Technologies Company Profile

Pagaya Technologies Ltd. is a financial technology company that uses artificial intelligence and machine learning to help financial institutions expand access to credit and other financial products. Its technology platform analyzes large volumes of data to evaluate assets, identify investment opportunities and support lending decisions.

The company works with banks, lenders and other financial institutions, as well as institutional investors. Through its network-based platform, Pagaya helps partners originate loans and other assets while connecting those assets with institutional funding and capital markets solutions.