JMP Securities Maintains Market Outperform on Pagaya Techs, Lowers Price Target to $2.25
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst David Scharf maintains a Market Outperform rating on Pagaya Techs (NASDAQ:PGY) but lowers the price target from $2.75 to $2.25.
October 16, 2023 | 1:31 pm
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Despite the lowered price target for Pagaya Techs from $2.75 to $2.25, JMP Securities maintains a Market Outperform rating on the stock.
The news is directly about Pagaya Techs and its price target being lowered by JMP Securities. However, the Market Outperform rating being maintained indicates that the analyst still expects the stock to outperform the market, which could offset the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100