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Canaccord Lowers its Price Target on Pagaya Technologies Ltd. (PGY) to $32 and Maintains a Buy Rating

Pagaya Technologies Ltd. (NASDAQ:PGY) is among the 15 Best Small Cap Stocks to Buy According to Wall Street.

On February 10, 2026, Canaccord lowered its price target on Pagaya Technologies Ltd. (NASDAQ:PGY) to $32 from $39 and maintained a Buy rating. The firm said Pagaya’s decision to scale back loan approvals was conservative but viewed it as creating a buying opportunity, noting continued execution in the fourth quarter. Canaccord pointed to new logo wins, growth in loan application volume, strong funding demand, and operating leverage reflected in the results.

That same day, Keefe Bruyette reduced its price target on Pagaya Technologies Ltd. (NASDAQ:PGY) to $30 from $35 and kept an Outperform rating. The analyst updates followed the fourth-quarter results released on February 9, 2026, when Pagaya reported revenue of $321.036 million, below the $349.51 million consensus estimate. CEO Gal Krubiner said the quarter and full-year results highlighted the company’s positioning for long-term, durable growth and increasing profitability, supported by prior investments across the enterprise. He added that Pagaya plans to continue leveraging its platform and disciplined risk framework to connect Main Street and Wall Street. For fiscal 2026, the company guided to revenue of $1.4 billion to $1.575 billion, compared with consensus estimates of $1.52 billion.

Pagaya Technologies Ltd. (NASDAQ:PGY) deploys data science and proprietary artificial intelligence-powered technology for financial services providers, their customers, and asset investors across multiple markets.

While we acknowledge the potential of PGY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PGY and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 Most Profitable Undervalued Stocks to Buy and 11 Best Mining Stocks to Buy According to Wall Street

Disclosure: None.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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