Pagaya Technologies Ltd. (NASDAQ:PGY) features on the list of tech stocks to sell according to billionaires, with billionaire holdings declining from around $177.95 million in Q4 2025 to $62.40 million in Q1 2026, a decrease of about $115.55 million.
That selloff has not stopped Pagaya Technologies Ltd. (NASDAQ:PGY) from posting wins on both the analyst and capital markets fronts.
On June 15, 2026, Pagaya Technologies Ltd. (NASDAQ:PGY) announced the closing of an upsized $800 million AAA-rated personal loan ABS transaction, named PAID 2026-4. The deal drew 39 unique investors and brought Pagaya’s year-to-date personal loan ABS issuance to nearly $4 billion, marking the company’s third upsized personal loan ABS transaction this year.
The transaction also pushed Pagaya Technologies Ltd. (NASDAQ:PGY)’s total issuance since 2018 to $40 billion across 91 ABS deals, backed by more than 165 institutional investors spanning its personal loan, auto, and point-of-sale programs. Collateral for this latest deal included personal loans from new network partners Upstart and Achieve.
Sahil Chandiramani, Head of Capital Markets at Pagaya Technologies Ltd. (NASDAQ:PGY), said the upsizing of the company’s last two PAID transactions reflected the strength of its funding platform and the confidence institutional investors continue to place in its underwriting and asset performance. He added that the transaction expands Pagaya’s capacity to support existing and new lending partners as they grow.
That update followed news on June 10, 2026, when Texas Capital initiated coverage of Pagaya Technologies Ltd. (NASDAQ:PGY) with a “Buy” rating and a $27 price target. The firm described the company as an AI technology-enabled provider of consumer credit underwriting and capital markets solutions, and said its services business model should produce a better risk and reward profile for investors and rating agency stakeholders, calling the stock attractive at current levels.
Pagaya Technologies Ltd. (NASDAQ:PGY) is a fintech company that uses AI to help lenders approve and manage consumer credit.
While we acknowledge the risk and potential of PGY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PGY and that has 10,000% upside potential, check out our report about the cheapest AI stock.
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