TD Cowen Forecasts Strong Price Appreciation for Pagaya Technologies (NASDAQ:PGY) Stock

Key Points

• TD Cowen raised Pagaya Technologies’ price target to $27 from $25 and maintained a Buy rating, implying 40.41% upside from the previous close. Analysts overall rate the stock Buy, with an average target of $31.62.
• Pagaya reported quarterly adjusted EPS of $1.07 versus the $0.47 consensus estimate and revenue of $390.49 million, up 11.5% year over year. The company posted a 9.12% net margin and 51.56% return on equity.
• PGY shares traded at $19.23, while the company faces mixed signals: institutional ownership is substantial and analysts remain bullish, but lower fourth-quarter network-volume guidance and higher funding costs may pressure near-term growth and margins.

Pagaya Technologies (NASDAQ:PGY - Get Free Report) had its price target boosted by analysts at TD Cowen from $25.00 to $27.00 in a report released on Friday, Benzinga reports. The firm presently has a "buy" rating on the stock. TD Cowen's price objective points to a potential upside of 40.41% from the stock's previous close.

A number of other research firms also recently weighed in on PGY. Canaccord Genuity Group raised their price target on shares of Pagaya Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Weiss Ratings reiterated a "hold (c-)" rating on shares of Pagaya Technologies in a research report on Monday, September 14th. Jefferies Financial Group lifted their price target on Pagaya Technologies from $23.00 to $27.00 and gave the company a "buy" rating in a research report on Tuesday, August 18th. Citizens Jmp increased their price target on Pagaya Technologies from $22.00 to $25.00 and gave the company a "market outperform" rating in a research report on Friday, July 31st. Finally, B. Riley Financial restated a "buy" rating and set a $38.00 price target (up from $36.00) on shares of Pagaya Technologies in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $31.62.

Pagaya Technologies Price Performance

Pagaya Technologies stock traded down $1.58 during midday trading on Friday, reaching $19.23. 2,404,830 shares of the company were exchanged, compared to its average volume of 3,387,312. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 14.14 and a beta of 5.50. The company has a debt-to-equity ratio of 1.12, a quick ratio of 11.08 and a current ratio of 11.08. The firm's 50-day simple moving average is $19.77 and its 200-day simple moving average is $16.60. Pagaya Technologies has a 1 year low of $10.40 and a 1 year high of $29.75.

Pagaya Technologies (NASDAQ:PGY - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.60. Pagaya Technologies had a net margin of 9.12% and a return on equity of 51.56%. The business had revenue of $390.49 million during the quarter, compared to analyst estimates of $382.10 million. During the same quarter in the previous year, the business posted $1.02 earnings per share. The company's revenue was up 11.5% on a year-over-year basis. On average, analysts anticipate that Pagaya Technologies will post 3.36 EPS for the current year.

Insider Activity at Pagaya Technologies

In related news, Director Tami Rosen sold 28,181 shares of the firm's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $21.98, for a total transaction of $619,418.38. Following the sale, the director directly owned 16,665 shares in the company, valued at $366,296.70. This trade represents a 62.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Cory Vieira sold 2,170 shares of the business's stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $17.04, for a total value of $36,976.80. Following the completion of the sale, the chief accounting officer owned 25,160 shares in the company, valued at $428,726.40. The trade was a 7.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 98,117 shares of company stock worth $2,019,059 over the last ninety days. Company insiders own 41.99% of the company's stock.

Hedge Funds Weigh In On Pagaya Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in Pagaya Technologies by 141.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,029,081 shares of the company's stock valued at $12,040,000 after purchasing an additional 602,992 shares in the last quarter. Q Global Advisors LLC lifted its stake in shares of Pagaya Technologies by 324.8% in the first quarter. Q Global Advisors LLC now owns 537,551 shares of the company's stock worth $6,262,000 after acquiring an additional 410,996 shares during the period. Principal Financial Group Inc. lifted its holdings in Pagaya Technologies by 211.0% in the first quarter. Principal Financial Group Inc. now owns 375,212 shares of the company's stock valued at $4,371,000 after buying an additional 254,550 shares during the period. Edgestream Partners L.P. lifted its stake in Pagaya Technologies by 353.2% in the first quarter. Edgestream Partners L.P. now owns 373,771 shares of the company's stock valued at $4,354,000 after buying an additional 291,291 shares during the period. Finally, Insight Wealth Strategies LLC acquired a new position in shares of Pagaya Technologies during the third quarter valued at about $4,437,000. 57.14% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Pagaya Technologies

Here are the key news stories impacting Pagaya Technologies this week:

• Positive Sentiment: Pagaya exceeded estimates with adjusted EPS of $1.07 and revenue of $390.5 million, up 11.5% year over year. Network volume increased 29% to $3.6 billion, while management raised its 2026 GAAP net-income outlook to $162 million-$182 million. Pagaya Reports Third Quarter 2026 Results
• Positive Sentiment: Management cited $2 billion in newly committed capital, an expanding bank-partner pipeline and additional partnerships as support for continued loan-volume growth and resilience across credit cycles. Pagaya forecasts 2026 GAAP net income while expanding bank partner pipeline
• Positive Sentiment: B. Riley reaffirmed its Buy rating and lifted its price target to $38 from $36, citing substantial potential upside. B. Riley Financial rating
• Neutral Sentiment: Some analysts view PGY as undervalued at roughly five times projected 2027 earnings, though the stock remains exposed to the market’s broader discount for fintech companies. Pagaya Technologies: Stuck In The Fintech Discount Isle
• Negative Sentiment: Management’s fourth-quarter network-volume guidance is lower, and higher funding costs are pressuring margins. Pagaya is prioritizing unit economics over pursuing maximum volume, while raising APRs to improve fee revenue per loan; investors may interpret those measures as signs of near-term growth constraints. Pagaya: I Was Wrong On Profitability, Upgrading To Hold

About Pagaya Technologies

Pagaya Technologies Ltd. is a financial technology company that uses artificial intelligence and machine learning to help financial institutions expand access to credit and other financial products. Its technology platform analyzes large volumes of data to evaluate assets, identify investment opportunities and support lending decisions.

The company works with banks, lenders and other financial institutions, as well as institutional investors. Through its network-based platform, Pagaya helps partners originate loans and other assets while connecting those assets with institutional funding and capital markets solutions.

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