Pagaya stock climbs after Jefferies starts coverage with Buy rating

seekingalpha2023-12-14

Pagaya Technologies (NASDAQ:PGY) stock gapped up 17.3% in Thursday morning trading after Jefferies initiated coverage on the Israeli fintech company with a Buy rating, as its "powerful network effect ...

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Based on 2022 markets sizes, he noted, Pagaya  captures less than 1% of the total addressable market for personal, auto, credit card and single-family rental markets.  Hecht's Buy rating diverges from the SA Quant system rating of Hold and agrees with the average sell-side analyst rating of Buy.  More on Pagaya Technologies   Pagaya's 2024 Outlook: Stability And Mid-20s% CAGR Expected Pagaya Technologies: Facing A Promising 2024 Pagaya Technologies: Huge Upside Potential For This AI Stock","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PGY":"Pagaya Technologies Ltd.","BK4023":"应用软件"},"translate_title":"杰富瑞开始给予买入评级后，派葛亚股价攀升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PGY":1},"content_text":"Pagaya Technologies (NASDAQ:PGY) stock gapped up 17.3% in Thursday morning trading after Jefferies initiated coverage on the Israeli fintech company with a Buy rating, as its \"powerful network effect and product flywheel have positioned the company for ongoing success.\" The company is set to capture more market share through \"(i) increased penetration of current clients, (ii) ongoing additions of lending platforms, (iii) continued market share aggregation, and (iv) increased conversion rates,\" analyst John Hecht wrote in a note. Based on 2022 markets sizes, he noted, Pagaya (PGY) captures less than 1% of the total addressable market for personal, auto, credit card and single-family rental markets.  Hecht's Buy rating diverges from the SA Quant system rating of Hold and agrees with the average sell-side analyst rating of Buy.  More on Pagaya Technologies   Pagaya's 2024 Outlook: Stability And Mid-20s% CAGR Expected Pagaya Technologies: Facing A Promising 2024 Pagaya Technologies: Huge Upside Potential For This AI Stock Biggest stock movers today: Adobe, Ocular Therapeutix and more Pagaya announces partnership with Exeter Finance","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2391505289"}