In the preceding three months, 7 analysts have released ratings for Pagaya Techs (NASDAQ:PGY), presenting a wide array of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 2 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 3 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
Analysts have set 12-month price targets for Pagaya Techs, revealing an average target of $25.93, a high estimate of $42.00, and a low estimate of $11.50. Highlighting a 13.07% decrease, the current average has fallen from the previous average price target of $29.83.
Exploring Analyst Ratings: An In-Depth Overview
The standing of Pagaya Techs among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| David Scharf | JMP Securities | Maintains | Market Outperform | $25.00 | $25.00 |
| Peter Christiansen | Citigroup | Announces | Neutral | $14.00 | - |
| Joseph Vafi | Canaccord Genuity | Maintains | Buy | $42.00 | $42.00 |
| Michael Legg | Benchmark | Maintains | Buy | $22.00 | $22.00 |
| Joseph Vafi | Canaccord Genuity | Maintains | Buy | $42.00 | $42.00 |
| David Scharf | JMP Securities | Lowers | Market Outperform | $25.00 | $30.00 |
| David Chiaverini | Wedbush | Lowers | Neutral | $11.50 | $18.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Pagaya Techs. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Pagaya Techs compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Pagaya Techs's stock. This examination reveals shifts in analysts' expectations over time.
To gain a panoramic view of Pagaya Techs's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Pagaya Techs analyst ratings.
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All You Need to Know About Pagaya Techs
Pagaya Technologies Ltd is a financial technology company working to reshape the lending marketplace by using machine learning, big data analytics, and sophisticated AI-driven credit and analysis technology. It was built to provide a comprehensive solution to enable the credit industry to deliver customers a positive experience while simultaneously enhancing the broader credit ecosystem. Its proprietary API seamlessly integrates into its next-gen infrastructure network of partners to deliver a premium customer user experience and greater access to credit. The company generates majority of its revenue from United States.
A Deep Dive into Pagaya Techs's Financials
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Over the 3 months period, Pagaya Techs showcased positive performance, achieving a revenue growth rate of 35.23% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Pagaya Techs's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -8.95% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -3.58%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -1.58%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: With a high debt-to-equity ratio of 0.98, Pagaya Techs faces challenges in effectively managing its debt levels, indicating potential financial strain.
The Significance of Analyst Ratings Explained
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.