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MarketBeat
MarketBeat
Peter Frank

This AI Lender Has Big Upside Potential—And Big Risks

Pagaya Pagaya Technologies MarketBeat PGY

Take a company that blends fintech, artificial intelligence (AI), consumer lending, and asset-backed securities (ABS), and investors can expect some volatility. Pagaya Technologies (NASDAQ: PGY) has proven just that.

Last year, the company—which has dual headquarters in New York and Tel Aviv—posted its first annual profit since going public in June 2022. Revenue grew by 26%, which has analysts pointing to more than 100% upside potential from current prices. Yet the stock has fallen by roughly two-thirds since September and about 30% this year.

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