Pagaya Tech Reiterates FY2024 Revenue Outlook $925.000M-1.050B vs $976.24M Est
Portfolio Pulse from Benzinga Newsdesk
Pagaya Technologies has reaffirmed its revenue forecast for FY2024, projecting revenues to be in the range of $925 million to $1.05 billion, compared to the estimated $976.24 million by analysts.

May 09, 2024 | 11:18 am
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Pagaya Technologies reaffirms its FY2024 revenue outlook, projecting $925M-$1.05B against analysts' expectations of $976.24M.
Reiterating a strong revenue outlook, especially when it aligns closely with analyst estimates, tends to instill confidence in investors about the company's future performance and growth prospects. This reaffirmation by Pagaya Technologies could lead to positive investor sentiment and potentially uplift the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100