Pagaya price target raised to $26 from $25 at JMP Securities

JMP Securities raised the firm’s price target on Pagaya (PGY) to $26 from $25 and keeps an Outperform rating on the shares. Pagay’s initial 2025 guidance, along with management’s continued conviction that they are past most, if not all, major credit impairments, led to more confidence in the company’s growth trajectory, margin expansion, and transition to GAAP profitability, the analyst tells investors in a research note.