Canaccord Lowers its Price Target on Pagaya Technologies Ltd. (PGY) to $32 and Maintains a Buy Rating

Core Viewpoint - Canaccord and Keefe Bruyette have both lowered their price targets for Pagaya Technologies Ltd. while maintaining positive ratings, indicating a cautious but optimistic outlook on the company's future growth potential [1][2]. Group 1: Price Target Adjustments - Canaccord reduced its price target on Pagaya Technologies Ltd. to $32 from $39 while maintaining a Buy rating [1] - Keefe Bruyette lowered its price target to $30 from $35 while keeping an Outperform rating [2] Group 2: Financial Performance - Pagaya reported fourth-quarter revenue of $321.036 million, which was below the consensus estimate of $349.51 million [2] - For fiscal 2026, Pagaya guided revenue expectations between $1.4 billion and $1.575 billion, compared to consensus estimates of $1.52 billion [2] Group 3: Company Strategy and Market Position - CEO Gal Krubiner emphasized the company's focus on long-term growth and profitability, supported by previous investments [2] - Pagaya utilizes data science and proprietary AI technology to serve financial services providers and asset investors across various markets [3]