Pagaya Technologies shares are trading higher after B. Riley Securities initiated coverage on the stock with a Buy rating and announced a $4 price target.
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has initiated coverage on Pagaya Technologies with a Buy rating and a price target of $4. The news has led to an increase in the trading of Pagaya Technologies' shares.
July 27, 2023 | 5:09 pm
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Pagaya Technologies' shares are trading higher following B. Riley Securities' initiation of coverage with a Buy rating and a $4 price target.
The initiation of coverage by B. Riley Securities, a well-known financial institution, with a Buy rating indicates a positive outlook for Pagaya Technologies. This has led to increased trading of the company's shares, indicating investor confidence in the stock. The $4 price target also suggests potential upside, further boosting investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100