Pagaya Technologies Cracked 'Achilles Heel' Of Many Marketplace Lenders: Analyst
Portfolio Pulse from Lekha Gupta
JMP Securities analyst David M. Scharf initiated coverage on Pagaya Technologies Ltd. (NASDAQ:PGY) with a Market Outperform rating and a price target of $2.75. Scharf believes that the company's funding model and credit analytics have addressed funding disruptions and expects the company to benefit from expansion into new markets. He also expects robust revenue and EBITDA growth for the company in the coming years.
August 28, 2023 | 7:10 pm
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Pagaya Technologies Ltd. has been given a Market Outperform rating by JMP Securities analyst David M. Scharf, who also set a price target of $2.75. The company's shares are trading higher by 2.3%.
The positive rating and price target from the analyst, along with the expected revenue and EBITDA growth, are likely to boost investor confidence in the company, leading to a potential increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100