Pagaya Technologies has revised its full-year guidance following a strong quarterly performance, aiming for $1.8 billion in revenue by 2028, which requires an annual growth rate of 17%. The company's management will engage with investors at various conferences organized by Needham, Bank of America, Citizens JMP, and Morgan Stanley, aiming to enhance market visibility and attract potential financing partners.
In a notable move, Pagaya’s chief development officer recently sold 7,561 shares as part of a Rule 10b5-1 trading plan, a standard practice that does not diminish their significant stake in the company. This transaction coincides with a rising interest in asset-backed securities, highlighted by the recent US$500,000,000 securitization, which underscores Pagaya’s ability to fund loans effectively.
While the company's AI-driven underwriting capabilities are expected to draw banks and funding partners, stakeholders should remain aware of increased regulatory risks that could lead to higher compliance costs. Analysts have projected that Pagaya’s stock could appreciate to $40.50, indicating a potential 56% upside from its current valuation.