Pagaya price target raised to $25 from $21 at Benchmark

Benchmark analyst Mark Palmer raised the firm’s price target on Pagaya (PGY) to $25 from $21 and keeps a Buy rating on the shares. Q4 revenue and adjusted EBITDA exceeded Street estimates and the higher ends of management’s guidance ranges and the company offered FY25 guidance that included an outlook for adjusted EBITDA “well above” the Street estimate, the analyst tells investors.