Stephens analyst Kyle Joseph lowered the firm’s price target on Pagaya (PGY) to $25 from $33 and keeps an Overweight rating on the shares. While Q4 net income and earnings per share exceeded expectations, volumes/revenues were light and Pagaya’s 2026 guidance came in below expectations, the analyst tells investors in a research note. The firm added that while the company tightened underwriting, credit continues to perform consistently, and there were no incremental write-downs in Q4.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PGY:
- Pagaya Technologies Balances Growth With Risk Control
- Pagaya price target lowered to $30 from $35 at Keefe Bruyette
- Pagaya price target lowered to $33 from $48 at Benchmark
- Midday Fly By: Transocean to buy Valaris, Kyndryl sinks after CFO exit
- Pagaya Technologies Reports Record Q4 and 2025 Profitability