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Pagaya Technologies Ltd. (PGY): A Bull Case Theory 

We came across a bullish thesis on Pagaya Technologies Ltd. on Capitalist Letter’s Substack by Oguz Erkan. In this article, we will summarize the bulls’ thesis on PGY. Pagaya Technologies Ltd.'s share was trading at $24.13 as of December 1st. PGY’s forward P/E was 7.79 according to Yahoo Finance.

Pagaya is positioned as a transformative player in the alternative lending space, bridging the gap between traditional lenders and investors willing to finance creditworthy borrowers that banks typically reject. Its platform uses AI-driven underwriting to evaluate applications from...