JMP Securities Maintains Market Outperform on Pagaya Techs, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst David Scharf has maintained a Market Outperform rating on Pagaya Technologies (NASDAQ:PGY) but has lowered the price target from $30 to $25.
April 08, 2024 | 1:18 pm
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JMP Securities maintains a Market Outperform rating on Pagaya Technologies but lowers the price target from $30 to $25.
The adjustment in price target by JMP Securities reflects a revised valuation outlook for Pagaya Technologies, while maintaining a positive performance expectation. This could lead to mixed reactions in the short term as investors digest the lowered price target against the backdrop of sustained analyst confidence in the company's market performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100