Wall Street Analysts See a 63.99% Upside in Pagaya Technologies Ltd. (PGY): Can the Stock Really Move This High?

Core Viewpoint - Pagaya Technologies Ltd. (PGY) has seen a 6.4% increase in share price over the past four weeks, closing at $24.88, with analysts suggesting a potential upside of 64% based on a mean price target of $40.8 [1] Price Targets - The average price target consists of 10 estimates ranging from a low of $27.00 to a high of $54.00, with a standard deviation of $7.55, indicating variability among analysts [2] - The lowest estimate suggests an 8.5% increase from the current price, while the highest indicates a potential upside of 117% [2] Analyst Consensus and Earnings Estimates - Analysts are increasingly optimistic about PGY's earnings prospects, as evidenced by a strong agreement in revising EPS estimates higher, which correlates with potential stock price increases [4][11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has risen by 28.1%, with one estimate moving higher and no negative revisions [12] Zacks Rank - PGY holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential for upside [13] Caution on Price Targets - While price targets are a common metric for investors, relying solely on them may not be prudent due to historical inaccuracies in predicting stock price movements [3][7][10]