Pagaya Technologies (PGY) Stock Forecast & Price Target

$12.69

+0.28 (+2.26%)

(As of 02:53 PM ET)

Pagaya Technologies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 7 Analyst Ratings

Based on 7 Wall Street analysts who have issued ratings for Pagaya Technologies in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 2 have given a hold rating, and 5 have given a buy rating for PGY.

Consensus Price Target

$24.00
89.13% Upside

High Forecast	$42.00
Average Forecast	$24.00
Low Forecast	$13.00

According to the 7 analysts' twelve-month price targets for Pagaya Technologies, the average price target is $24.00. The highest price target for PGY is $42.00, while the lowest price target for PGY is $13.00. The average price target represents a forecasted upside of 89.13% from the current price of $12.69.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$24.00	$24.14	$26.94	$41.20
Forecasted Upside	89.13% Upside	78.36% Upside	89.47% Upside	62.72% Upside

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PGY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PGY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Pagaya Technologies Stock vs. The Competition

Type	Pagaya Technologies	Business Services Companies	S&P 500
Consensus Rating Score	2.71	2.66	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	93.39% Upside	273.68% Upside	7.93% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/3/2024	JMP Securities 2 of 5 stars		Reiterated Rating	Market Outperform ➝ Market Outperform	$25.00 ➝ $25.00	+66.00%
8/26/2024	Benchmark 2 of 5 stars		Initiated Coverage	Buy	$21.00	+59.57%
8/12/2024	Wedbush 3 of 5 stars		Reiterated Rating	Neutral ➝ Neutral	$13.00 ➝ $13.00	-8.58%
8/12/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$42.00 ➝ $42.00	+195.36%
6/17/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Sakhrani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$23.00	+86.39%
5/24/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$14.00	+22.59%
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12/14/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$30.00	+79.86%
7/26/2023	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$48.00	+85.19%
2/16/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$15.00 ➝ $16.20	+9.76%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:19 PM ET.

PGY Forecast - Frequently Asked Questions

What is Pagaya Technologies' forecast for 2024?: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Pagaya Technologies is $24.00, with a high forecast of $42.00 and a low forecast of $13.00.
Should I buy or sell Pagaya Technologies stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pagaya Technologies in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PGY shares.
Does Pagaya Technologies's stock price have much upside?: According to analysts, Pagaya Technologies's stock has a predicted upside of 73.02% based on their 12-month stock forecasts.
What analysts cover Pagaya Technologies?: Pagaya Technologies has been rated by research analysts at Benchmark, Canaccord Genuity Group, JMP Securities, and Wedbush in the past 90 days.
Do Wall Street analysts like Pagaya Technologies more than its competitors?: Analysts like Pagaya Technologies more than other "business services" companies. The consensus rating score for Pagaya Technologies is 2.71 while the average consensus rating score for "business services" companies is 2.66. Learn more on how PGY compares to other companies.