12 Best Performing Stocks in the Last 6 Months

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7. Pagaya Technologies Ltd. (NASDAQ:PGY)

6-Month Performance: 201.97%

Number of Hedge Fund Holders: 21

Pagaya Technologies Ltd. (NASDAQ:PGY) is one of the best-performing stocks in the last 6 months. On July 18, Citi increased its price target for Pagaya Technologies Ltd. (NASDAQ:PGY) from $16.50 to $40.00 while keeping a “Buy” rating.

The firm highlighted increased network growth expectations and pointed out that private credit momentum has improved. Citi identified Pagaya Technologies Ltd. (NASDAQ:PGY) as its top pick in the LendTech sector.

Citi also noted that the use of pre-screening solutions is rising, which the firm sees as a “2x volume opportunity.” Pagaya Technologies Ltd. (NASDAQ:PGY) is also increasing exposure to buy-now-pay-later services through Walmart’s OnePay, which Citi called an “indirect win.”

The research note also noted that there is potential for Pagaya Technologies Ltd. (NASDAQ:PGY) to expand further as big card-issuing companies try to compete with FinTech companies.

Pagaya Technologies Ltd. (NASDAQ:PGY) is a financial technology company that provides comprehensive consumer credit and residential real estate products. Through its AI network, the company helps financial institutions to expand access to more customers.

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