Added to YB: 2025-11-06
Pitch date: 2025-10-31
PGY [bullish]
Pagaya Technologies Ltd.
-54.85%
current return
Author Info
Equity research team focused on tech stocks (with special interest in cybersecurity and cloud). Sign up for their newsletter.
Company Info
Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial services, their customers, and institutional or sophisticated investors in the United States, Israel, and the Cayman Islands.
Market Cap
$961.4M
Pitch Price
$26.89
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.69
P/E
12.53
EV/Sales
0.57
Sector
Software
Category
growth
Pagaya: The Bridge Between Banks and ABS — Moat or Mirage?
PGY: AI-driven bridge between 30+ lenders & ~150 credit allocators trading at ~2.5x EV/S, ~18x EV/FCF. Bull case: forward-flow deals (Blue Owl, Castlelake) reduce first-loss risk, impairments fell sharply in 1H25 vs $442M in 2024. Bear case: governance issues, heavy exec options, unclear AI edge vs peers.
Read full article (3 min)