Zacks Rating Upgrade - Pagaya Technologies Ltd (PGY) has been upgraded to a Zacks Rank 2 (Buy), reflecting an upward trend in earnings estimates, which is a powerful force impacting stock prices [1] - The Zacks rating system is highly useful for individual investors as it tracks the Zacks Consensus Estimate for current and future years, providing a more objective measure compared to Wall Street analysts' subjective ratings [2][3] Earnings Estimate Revisions - Changes in a company's future earnings potential, as reflected in earnings estimate revisions, are strongly correlated with near-term stock price movements [4] - Institutional investors use earnings estimates to calculate the fair value of a company's shares, and revisions in these estimates lead to buying or selling, causing stock price movements [4] - Rising earnings estimates and the consequent rating upgrade for Pagaya Technologies Ltd imply an improvement in the company's underlying business [5] Zacks Rank System - The Zacks Rank system uses four factors related to earnings estimates to classify stocks into five groups, with Zacks Rank 1 (Strong Buy) stocks generating an average annual return of +25% since 1988 [7] - The system maintains an equal proportion of 'buy' and 'sell' ratings for over 4000 stocks, with only the top 5% receiving a 'Strong Buy' rating and the next 15% receiving a 'Buy' rating [9] Pagaya Technologies Ltd Earnings Outlook - For the fiscal year ending December 2024, Pagaya Technologies Ltd is expected to earn $0 92 per share, a 283 3% increase from the year-ago reported number [8] - Over the past three months, the Zacks Consensus Estimate for the company has increased by 15 3% [8] - The upgrade to Zacks Rank 2 positions Pagaya Technologies Ltd in the top 20% of Zacks-covered stocks in terms of estimate revisions, indicating potential for market-beating returns in the near term [10]

Pagaya Technologies (NASDAQ: PGY ) has been a closely followed retail stock since the company entered the public market via a SPAC in 2021. While the stock has been through a lot of volatility, there remains high interest in the name, oftenAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compe ...

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Shares of Pagaya Technologies Ltd. (PGY) have gained 1.1% over the past four weeks to close the last trading session at $10.81, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $21.89 indicates a potential upside of 102.5%.The average comprises nine short-term price targets ranging from a low of $11 to a high of $36, with a standard deviation of $8.40. While the lowest estimate i ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

Shares of Pagaya Technologies Ltd. (PGY) have gained 0.3% over the past four weeks to close the last trading session at $10.88, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $22.89 indicates a potential upside of 110.4%.The average comprises nine short-term price targets ranging from a low of $12 to a high of $36, with a standard deviation of $8.72. While the lowest estimate i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-41430 Pagaya Technologies Ltd. (Exact name of registrant as specified in its charter) Israel 87-3083236 (State o ...

Pagaya Technologies Ltd. (NASDAQ: PGY ) is a fintech (a financial technology) company that uses AI, machine learning, and data analytics to help financial institutions and investors offer better consumer credit and real estate solutions. They offer loans and credit cards. The company hasJoin a community generating outsized returnsGet more with our playbook to significantly grow your wealth by embracing a blended trading and investing approach at our one-stop shop.Our prices go up December 1st, but right now ...

Pagaya Technologies Ltd. (PGY) reported $257.23 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 27.7%. EPS of $0.44 for the same period compares to $0.24 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $253.97 million, representing a surprise of +1.29%. The company delivered an EPS surprise of +76.00%, with the consensus EPS estimate being $0.25.While investors scrutinize revenue and earnings changes year-over-year and how they c ...

Pagaya Technologies Ltd. (NASDAQ:PGY) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Josh Fagen - Head of Investor Relations Gal Krubiner - Chief Executive Officer Sanjiv Das - President Evangelos Perros - Chief Financial Officer Conference Call Participants Joseph Vafi - Canaccord Genuity Mark Palmer - Benchmark John Hecht - Jefferies Steven Kwok - KBW David Scharf - Citizens JMP Hal Goetsch - B. Riley Securities Operator Ladies and gentlemen, greetings, and welcome to t ...