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Barchart
Barchart
Pathikrit Bose

Should You Scoop Up This AI Fintech Stock Before It Joins the Russell 2000?

Pagaya Russell fintech United States PGY Elavon Pagaya Technologies

The impact of artificial intelligence (AI) continues to ripple across multiple sectors, with tech giants confirming plans to continue ramping up their AI investments on the latest round of corporate earnings calls. Notably, one area where AI is expected to make a significant impact is financial technology, or fintech. According to this report, the market size for AI in fintech is forecast to be about $51 billion by 2029, up from $44.08 billion in 2024.

One up-and-comer in this niche segment is Pagaya Technologies (PGY), which is set to join the benchmark Russell 2000 Index (RUT) on July 1 as part of its annual rebalancing. Not only could this RUT upgrade draw more institutional buyers to the stock, but PGY is also a favorite among the analyst community, too.

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