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Pagaya Technologies Ltd. (NASDAQ:PGY) stock reached a 52-week high, climbing to 36.08 USD. The company’s market capitalization now stands at $2.37 billion, with a remarkable year-to-date return of 237.57%. According to InvestingPro data, analysts have set price targets ranging from $13.75 to $46.00 for the stock. This milestone reflects the company’s robust performance over the past year, with the stock experiencing an impressive 107.68% increase in value. The surge in Pagaya’s stock price underscores the market’s positive sentiment towards the company’s growth prospects and strategic initiatives. With revenue growth of 23.69% and a strong current ratio of 1.79, investors have shown increasing confidence in Pagaya’s ability to innovate and expand its financial technology solutions, contributing to the stock’s upward trajectory. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report about PGY’s valuation and growth prospects.
In other recent news, Pagaya Technologies Ltd. successfully closed an upsized $500 million offering of senior unsecured notes due 2030, which was approximately five times oversubscribed. The company plans to use the proceeds primarily to refinance existing higher-cost term loans and other secured borrowings, potentially lowering its cost of debt by nearly 200 basis points. Additionally, Pagaya announced the closing of a $400 million AAA-rated auto loan asset-backed securities transaction, marking its largest auto ABS deal in 2025 and increasing its total auto ABS issuance to $1.3 billion year-to-date. Citi has raised its price target on Pagaya Technologies to $40, maintaining a Buy rating, due to increased network growth expectations. Benchmark also raised its price target to $42 following Pagaya’s preliminary second-quarter 2025 operating results, which exceeded expectations. These developments indicate significant investor interest and confidence in Pagaya’s financial strategies and growth potential.
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