Added to YB: 2026-04-06
Pitch date: 2026-04-02
PGY [bullish]
Pagaya Technologies Ltd.
Author Info
No bio for this author
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
$961.4M
Pitch Price
N/A
Price Target
50.40
Dividend
N/A
EV/EBITDA
2.69
P/E
12.53
EV/Sales
0.57
Sector
Software
Category
growth
Pagaya Technologies ($PGY) The AI-Powered Lending Network Trading at a Single-Digit P/E
PGY: AI-powered lending network behind banks/fintechs (not direct lender). Trades 7x 2026E P/E ($1.55 EPS) despite 20% rev growth, 50% earnings growth. FY25: $1.3B rev (+22% YoY), $81M GAAP net income vs -$400M FY24 loss, 28.5% EBITDA margin (up from 7%). Q4: $34M net income, $98M EBITDA, $0.80 EPS beat vs $0.69 est, but rev miss/volume decel on mgmt cutting high-risk credit tiers. 2026 guide: $1.4B-$1.575B rev, $100M-$150M net income. Fair PE 21 → $50 PT on 2028 $2.40 EPS = 60% IRR. Risks: recession/credit cycle, Blue Owl contagion fears, dilution, funding dependency. Beta 4.4, $900M mcap. Moat: data flywheel w/ 30+ partners (SoFi, Klarna, Ally). TAM: multi-trillion consumer credit mkt. Stock -25% post-ER sell-off creating entry.
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