Texas Capital is Bullish on (PGY)

Pagaya Technologies Ltd. (NASDAQ:PGY) is among the best under-the-radar stocks.

On June 11, Texas Capital initiated coverage of Pagaya Technologies Ltd. (NASDAQ:PGY) with a Buy rating. The firm gave a $27 price target on the stock. Texas Capital described the company as an AI-enabled provider of consumer credit underwriting and capital markets solutions. The firm said Pagaya’s services-based business model has a more favorable risk and reward profile for investors and rating agencies, and that the shares appear attractive at current levels.

Days earlier, on June 8, Pagaya Technologies Ltd. (NASDAQ:PGY) expanded its partnership with Upgrade. It extended its artificial intelligence-powered credit decisioning technology to Flex Pay, Upgrade’s buy now, pay later offering.

Texas Capital is Bullish on (PGY)

photo by Business-laptop-campaign-creators on Unsplash

Pagaya President Sanjiv Das said the expansion of the deal deepens the companies’ relationship beyond personal loans and broadens Pagaya’s network into asset classes. He commented that the move helps Flex Pay’s growth and advances the corporation’s strategy of expanding its point of sale business toward more “purpose-driven” transactions.

Pagaya Technologies Ltd. (NASDAQ:PGY) develops AI and data networks for the financial industry. Its product uses data science, machine learning, and AI technology to evaluate customers’ applications in real time.

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.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1