These Analysts Cut Their Forecasts On Pagaya Technologies Following Q4 Results

Core Insights - Pagaya Technologies reported quarterly earnings of 80 cents per share, exceeding the analyst consensus estimate of 69 cents per share [1] - The company reported quarterly sales of $321.036 million, which fell short of the analyst consensus estimate of $349.048 million [1] - For the first quarter, Pagaya expects sales between $315 million and $335 million, compared to market estimates of $346.734 million [1] Financial Performance - The fourth quarter and full-year results highlight the company's focus on long-term growth and profitability, benefiting from prior investments [2] - CEO Gal Krubiner emphasized the company's strategy to bridge the gap between Main Street and Wall Street [2] Stock Performance - Pagaya Technologies shares increased by 1% to $14.34 following the earnings announcement [3] - Analysts adjusted their price targets for Pagaya Technologies after the earnings report [3] Analyst Ratings - Canaccord Genuity analyst Joseph Vafi maintained a Buy rating on Pagaya Technologies but reduced the price target from $39 to $32 [4] - Benchmark analyst Mark Palmer also maintained a Buy rating while lowering the price target from $48 to $33 [4]