PGY

In the past six months (April 2026 - October 2026), Pagaya Technologies Ltd. (PGY) saw its share price decline by 37.94% to $18.40 as of October 5, 2026, from $29.65 a year prior. Despite this, analysts have recently lifted the fair value estimate for Pagaya Technologies to a range of $25.00 to $36.00, citing accelerating partner additions, record loan volumes, expanding product lines, and a services-driven model. Specific events include massive EPS and GAAP profitability reported in Q1 2026, the issuance of a AAA-Rated $600 million Personal Loan ABS Transaction, and securing its first Variable Funding Note Facility with ATLAS SP Partners. The company also closed a 24-month $460 million revolving personal loan facility and signed an auto forward flow agreement with Neuberger Specialty Finance, including an inaugural $700 million auto flow commitment. Jason Gardner was appointed to the Board of Directors. Consensus EPS estimates for fiscal year 2026 increased by 23% to $1.70, with revenue forecasts steady at $1.47 billion, and net income is projected to grow 62% next year. While PGY returned -39.6% over the twelve months to October 8, 2026, compared to +16.2% for the S&P 500, some analysts view it as a "high-conviction satellite bet with 20%+ projected IRR" due to its embedded B2B2C AI platform, pre-funded ABS, and institutional capital model.