Pagaya Technologies: I'm Still Bearish, Sell
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Pagaya Technologies is considered overvalued due to minimal free cash flow and a balance sheet with restrictions, making it a sell recommendation. Despite revenue growth, the increase in share count raises concerns about its true value.
November 14, 2024 | 6:00 pm
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Pagaya Technologies is overvalued with minimal free cash flow and a restrictive balance sheet, leading to a sell recommendation. The increase in share count despite revenue growth raises concerns about its valuation.
The article highlights concerns about Pagaya's financial health due to negligible free cash flow and a balance sheet with restrictions. Despite a 21% revenue growth, the 12% increase in share count raises questions about the company's valuation, leading to a bearish outlook and a sell recommendation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100